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UAE and Gulf states pledge billions for Iraq


UN is firmly committed to the reconstruction process in Baghdad, said UN Secretary-General Antonio Guterres on Wednesday in Kuwait.

He noted that this is not new to HH the Amir, nor to the State of Kuwait, which hosted several conferences of donors and provided support to Arab countries, expressing hope that the conference will succeed in achieving positive results.

Neighbouring Kuwait said earlier on Wednesday it would lend Iraq $1 billion and commit a further $1 billion in investments.

Qatar announced $US1 billion in loans and investments while the United Arab Emirates pledged $US500 million for rebuilding.

"Iraq can not commence the mission of rebuilding itself without support, which is why we are all here today from all around the world, to stand by Iraq's side", Sheikh Sabah said.




At the press conference, Tillerson commented extensively on the months-long political crisis pitting Qatar against a four-nation bloc led by Saudi Arabia.

Iraqi Prime Minister Haider al-Abadi (L), Emir of Kuwait Sheikh Sabah al-Ahmad al-Jaber al-Sabah (C) and UN Secretary General Antonio Guterres attend the second day of an global conference for the reconstruction of Iraq, in Kuwait City, on February 14, 2018.

"The U.N. Development Program's Funding Facility for Stabilization is working in 25 cities and districts, supporting the return of displaced people to their homes", the U.N. chief said, adding that 2.5 million remained displaced. The New York Times has suggested failure to obtain the vast sums needed for reconstruction represents "a humiliating blow for the Iraqi government" and could threaten the future of Iraq's Prime Minister, Haider Al-Abadi.

Iraq is seeking $88.2 billion in aid from donors to fund its reconstruction efforts. Iran has provided Iraq with substantial support in the fight against Daesh backing the Popular Mobilisation Forces which now form part of the Iraqi Army.

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