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Foreign minister takes part in Iraq Reconstruction Conference

Foreign minister takes part in Iraq Reconstruction Conference”

The event, dubbed the Kuwait International Conference for Reconstruction of Iraq, entered its second day in Kuwait City on Tuesday, with world leaders and senior politicians in attendance.

Saudi Arabia has pledged $1.5 billion and Qatar has pledged $1 billion to help rebuild Iraq after the war with ISIL.Britain said it would grant Iraq export credit of up to $1 billion per year for a decade.The United States said on February 13 that it was extending a $3 billion credit line but has not provided any direct government assistance.

The donations fall a long way short of the $88.2 billion Iraq has said it will need to rebuild the country following several years of war with Daesh. "It can not be undertaken alone, which calls us to the global community to take part of this mission", he said on the last day of the conference in Kuwait City. Germany said it would provide $350 million in assistance.

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Dr Anwar Gargash, UAE minister of state for foreign affairs, announced the United Arab Emirates would pledge $500 million.

"Iraq's security and stability is part and parcel of the security and stability of Kuwait and the region", Sheikh Sabah al-Ahmad al-Jaber al-Sabah told participants in the conference.

"Iraq can not commence the mission of rebuilding itself without support, which is why we are all here today from all around the world, to stand by Iraq's side", Sheikh Sabah said. Saudi Arabia pledged $1.5 billion.

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Iraq is seeking $88.2 billion in aid from donors to fund its reconstruction efforts.

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

"There are more than five million internally displaced persons in Iraq".

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It took over three years for Iraqi armed forces to fully liberate the country's territory from the clutches of Daesh terrorists.



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