Kuwait pledges USD two billion for Iraq reconstruction

Baghdad says it needs nearly $90 billion to rebuild after three years of war with the Islamic State group devastated homes, schools, hospitals and other infrastructure.

Three years of war devastated much of northern and western Iraq. (Photo | AP)

KUWAIT CITY: The emir of Kuwait pledged $2 billion towards the reconstruction of neighbouring Iraq, at an international donors' conference in Kuwait City on Wednesday. 

Emir Sheikh Sabah al-Ahmad Al-Sabah said $1 billion will be in the form of loans, and the rest will be invested in projects in the war-battered country.

Baghdad says it needs nearly $90 billion to rebuild after three years of war with the Islamic State group devastated homes, schools, hospitals and other infrastructure.