Kuwait Pledges $2 Billion for Iraq Reconstruction

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The emir of Kuwait pledged $2 billion towards the reconstruction of neighboring 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.