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Kuwait pledges $2 bn for Iraq reconstruction Kuwait City, Feb 14 (AFP) Feb 14, 2018 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.
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