Iraq

$30 billion pledged in Kuwait at summit to rebuild Iraq

International donors pledged $30 billion to help rebuild Iraq after the war against the Islamic State group, Kuwait announced Wednesday, overcoming Western doubts and donor fatigue over Mideast crises to help the battle-ravaged nation.

While falling short of an estimated $88.2 billion needed to rebuild Iraq, it easily surpassed the $20 billion Iraqi officials initially said they needed to begin their difficult work. While much of the larger donations came in the form of loans, Iraq remains an oil-rich nation and such debts can be forgiven by the countries and institutions offering them.

The pledges, if followed through with funding, could give Iraq a chance to dig itself...

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