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Kuwait shows support towards Iraq's reconstruction bid, pledges of $2 billion

Kuwait shows support towards Iraq's reconstruction bid, pledges of $2 billion

He noted that this is not new to HH the Amir, nor to the State of Kuwait, which hosted several conferences of donors and provided support to Arab countries, expressing hope that the conference will succeed in achieving positive results.

Guterres said 2.5 million remain displaced in the aftermath of the devastating war in Iraq.

Some would be turnkey projects, in which contractors would hand over facilities to Iraq, while others would be build-operate-transfer deals in which private firms would receive concessions to operate facilities.

The Qatari Minister of Foreign Affairs, Sheikh Mahmoud Bin Abdulrahman Al Thani, also said that his country is committed to supporting reconstruction of Iraq, pledging around $1 billion. Saudi Arabia pledged $1.5 billion.

Britain pledged up to $1 billion annually in export credit over 10 years and Japan said it would contribute $100 million this year to Iraq through United Nations agencies and worldwide organisations.

Overall, Iraq is seeking $88.2 billion in aid from donors to help rebuild the country after a three-year war against ISIS which devastated homes, schools, hospitals and economic infrastructure, displacing millions of people.

Pence: US, Allies to Continue Peacefully Dismantling North Korea's Nuke Program
Mr Moon's spokesman Kim Eui-kyeom said the North Korean delegates will attend the opening ceremony of the Games on Friday evening. Security Council restrictions in the past year that have slashed the pariah nation's export revenue and capped fuel imports.

Sheikh Sabah Al Ahmad Al Sabah said at a donors' summit at Kuwait City's Bayan Palace on Wednesday that this assembly of global communities "is reflective of the large loss that Iraq withstood in facing terrorism".

Among the hardest-hit areas in Iraq is the city of Mosul, which Iraqi forces, aided by a US-led coalition, recaptured from the Islamic State group in July 2017. Iraq needed far more donations on Wednesday, the last day of an appeal for funding to come forward at the Kuwait conference.

Turkey announced $5 billion in loan funds and credit easing, while the Islamic Development Bank announced a contribution of $500 million.

Former Dictator of Iraq, Saddam Hussein, invaded Kuwait in 1990.

U.S. Secretary of State Rex Tillerson said Tuesday that the restoration of Arab Gulf unity was in the best interest of all parties in the region.

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