Kuwait City hosts 2nd day of fund-raising conference for Iraq reconstruction

Young journalists club

News ID: 19329
Publish Date: 12:53 - 14 February 2018
TEHRAN, February 14 -The Kuwaiti capital is hosting the second day of an international conference aimed at raising funds for reconstructing Iraq, which is reeling from the Daesh terror group’s campaign of death and destruction.

Kuwait City hosts 2nd day of fund-raising conference for Iraq reconstructionTEHRAN, Young Journalists Club (YJC) -The Kuwaiti capital is hosting the second day of an international conference aimed at raising funds for reconstructing Iraq, which is reeling from the Daesh terror group’s campaign of death and destruction.

The event, dubbed the Kuwait International Conference for Reconstruction of Iraq, entered its second day in Kuwait City on Tuesday, with world leaders and senior politicians in attendance.

Addressing the forum, Kuwaiti Emir Sheikh Sabah al-Ahmad Al Sabah pledged $2 billion towards the reconstruction of Iraq.

He said that $1 billion would be in the form of loans, and the rest would be invested in projects.

“This large assembly of international communities that are here today is reflective of the large loss that Iraq withstood in facing terrorism,” the Kuwaiti emir said. “Iraq cannot commence the mission of rebuilding itself without support.”

Meanwhile, the UN chief also urged the global community to back the reconstruction of Iraq.

“The whole world owes you a debt for your struggle against the deadly global threat posed by Daesh,” Guterres told the donors’ conference comments directed at the Iraqi delegation.

Guterres said 2.5 million remain displaced in the aftermath of the devastating war in Iraq.

“The UN Development Programme’s Funding Facility for Stabilisation is working in 25 cities and districts, supporting the return of displaced people to their homes,” he said.

Iraqi Prime Minister Haider al-Abadi, EU foreign policy chief Federica Mogherini also delivered speeches to the forum.

Iraq is seeking $88.2 billion in aid from donors to pay for reconstruction after

Daesh unleashed a campaign of death and terror in Iraq in 2014, overrunning vast swathes in lightning attacks. Iraqi army soldiers and allied fighters then launched operations to eliminate Daesh and retake lost territory.

It took over three years for Iraqi armed forces to fully liberate the Iraqi soil from the clutches of Daesh terrorists.

Abadi declared victory over the Takfiri outfit in December 2017.

Source:Press TV

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