You are here: Home » PTI Stories » National » News
Business Standard

Turkey pledges $5 bn for Iraq reconstruction: minister

AFP  |  Kuwait City 

Turkish today pledged $5 billion in loans and investment for Iraq's reconstruction after its devastating three-year war with the Islamic State group.

Kuwait, which is hosting an international donors' conference to raise funds for Iraq, pledged $2 billion (1.6 billion euros) in loans and investment.

said it would allocate $1 billion for investment projects in and $500 million to support Iraqi exports.

said it would allocate $1 billion in loans and investments, while the pledged $500 million in investment.

Those sums -- together with $495 million from the and $100 million from -- bring the total pledged so far to over $10 billion on the third and final day of the donors' conference, still in progress.

says it needs nearly $90 billion to rebuild after a three-year war against IS which devastated homes, schools, hospitals and economic infrastructure, displacing millions of people.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 17:35 IST
RECOMMENDED FOR YOU