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Turkey pledges $5 billion for Iraq reconstruction

Iraq hopes to raise billions of dollars in pledges at a three-day international conference on the country's reconstruction which opened in Kuwait
AHMAD AL-RUBAYE (AFP/File)

Turkish Foreign Minister Mevlut Cavusoglu on Wednesday pledged $5 billion in loans and investment for the reconstruction of Iraq after its devastating three-year war with the Islamic State group.

Saudi Arabia meanwhile said it would allocate $1 billion to investment projects in Iraq and $500 million to support Iraqi exports, while Qatar said it would allocate $1 billion in loans and investments. 

Kuwait, which is hosting the international donors' conference, pledged $2 billion in loans and investment.  

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