Iraq is hoping to lure major international investment at a conference aimed at reconstructing the country after decades of conflict. The United States has already pledged a loan worth $3 billion from EXIM bank.
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.
Siemens CEO Joe Kaeser, who's currently participating in a conference on rebuilding Iraq, has told DW the German technology giant will play a strong role in reconstruction through its expertise and long-standing ties.
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.
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