Iraq is looking to attract billions of dollars in foreign investment to revive its oil industry, planning to build refineries and crank up oil production with the help of a Chinese oil giant.
The three-day meeting in Kuwait City brought 74 nations together to help Iraq financially rebuild after 15 years of war. Among the biggest donors was neighboring Turkey's $5 billion pledge.
Iraq needs close to $90 billion to rebuild after a 3-year war with the "Islamic State" group, a donor conference has heard. Having spent billions on the conflict, Washington is unlikely to pledge any new funds.
The German military's role must meet "the needs of Iraq," Ursula von der Leyen said after meeting with the Iraqi prime minister. As the fight against "Islamic State" winds down, Baghdad is searching for help rebuilding.
Three people have been killed and 80 injured as protests over austerity and unpaid salaries intensify. The Kurdistan Regional Government is under increasing pressure amid heightened tensions with Baghdad.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version