Pledges made for Iraq's reconstruction in Kuwait
KUWAIT, Feb 15 (Reuters) - Iraq received pledges of $30 billion, mostly in credit facilities and investment, on Wednesday from allies but this fell short of the $88 billion Baghdad says it needs to recover from three years of war. Donors and investors gathered in Kuwait to mull ways to rebuild Iraq's economy and infrastructure, as it emerges from a ruinous conflict with Islamic State militants who seized almost a third of the country before being beaten back. Following is a breakdown of the top 10 pledges provided by the Kuwaiti Ministry of Information: Country Pledges Kuwait $1 bln loan and $1 bln investments Turkey $5 billion United States $3 billion Saudi Arabia $1.5 billion Arab Fund for Economic $1.5 billion and Social Development Qatar $1 billion United Kingdom Up to $1 bln loan a year for 10 years Germany $617 million United Arab Emirates $500 million Islamic Development $500 million Bank European Union $494 million Finland $10 million Malaysia $100,000 Total $30 billion (Reporting by Ahmed Hagagy; Writing by Ahmed Aboulenein; Editing by Jon Boyle)
