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Kuwait pledges $2bn to support reconstruction in Iraq

IANS  |  Kuwait City 

will allocate $1 billion in loan and another $1billion in investment in to help its reconstruction process, Sheikh Sabah Al-Al-Sabah announced on Wednesday.

The magnitude of destruction inflicted on by terrorists cannot be overlooked. This cannot be endured by alone and the international community must shoulder its responsibility, quoted the assaying.

He made the announcement at the International Conference for the Reconstruction of Iraq (KICRI) here. He congratulated the Iraqi people for the defeat of the Islamic State (IS) in the country.

The three-day meeting kicked off on Monday in City and brought together several economic powers as well as regional and international organisations seeking contributions to rebuilding Iraq after many years of war and conflict.



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First Published: Wed, February 14 2018. 15:18 IST