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'Investment, development pledges for Iraq at $30b'
February 14, 2018 | 8:17 PM
by Reuters
Kuwait's Emir His Highness Sheikh Sabah Al Ahmad Al Sabah meets with Iraqi Prime Minister Haider Al Abadi in Kuwait City, Kuwait, February 14, 2018. Iraqi Prime Minister Media Office/via REUTERS
 
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Kuwait: Iraq has received investment and donation pledges from allies worth $30 billion, Kuwaiti Foreign Minister Sheikh Sabah al Khalid Al Sabah told a news conference on Wednesday.

"What resulted from this wide momentum of investor and developmental participation in the reconstruction of Iraq has reached $30 billion," he said.

Iraqi Foreign Minister Ibrahim Al Jaafari said that the pledges made were less than what Iraq requires.

At the same news conference, UN Secretary-General Antonio Guterres called the conference "an enormous success".



Jafari said 18,000 people had been killed and 36,000 wounded in the war with the IS group since 2014.

Donors and investors have gathered in Kuwait to discuss efforts to rebuild Iraq's economy and infrastructure as it emerges from a devastating conflict with IS militants who seized almost a third of the country.

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