Saudi Arabia pledges $1.5B to help rebuild Iraq

KUWAIT CITY – Saudi Arabia has pledged $1.5 billion to help rebuild Iraq after the war with the Islamic State group.


Saudi Foreign Minister Adel al-Jubeir made the pledge on Wednesday at a donor's summit at Bayan Palace in Kuwait City. Wednesday is the last day of an appeal for funding to come forward at the Kuwait conference.


Earlier in the day, Kuwait's ruling emir said his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq. Overall, Iraq is seeking $88.2 billion in aid from donors.


First published: 02.14.18, 13:06