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| 15 February, 2018

IDB ready to finance Iraqi infrastructure with $500mln - president

Donors and investors have gathered in Kuwait to discuss efforts to rebuild Iraq's economy

Kuwait Minister of Foreign Affairs Sheikh Sabah al Khalid Al Sabah poses for a group photo with U.S. Secretary of State Rex Tillerson and other Foreign Ministers and delegates ahead of the Kuwait International Conference for Reconstruction of Iraq, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee

Kuwait Minister of Foreign Affairs Sheikh Sabah al Khalid Al Sabah poses for a group photo with U.S. Secretary of State Rex Tillerson and other Foreign Ministers and delegates ahead of the Kuwait International Conference for Reconstruction of Iraq, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee

KUWAIT - The Islamic Development Bank (IDB), the largest development organisation in the Muslim world, is ready to finance Iraq infrastructure with $500 million, its president Bandar Hajjar said in Kuwait on Wednesday.

Donors and investors have gathered in Kuwait to discuss efforts to rebuild Iraq's economy and infrastructure as it emerges from a devastating conflict with Islamic State militants who seized almost a third of the country.

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(Reporting by Maher Chmaytelli and Ahmed Hagagy; Writing by Ahmed Aboulenein; Editing by Alison Williams) ((ahmed.aboulenein@thomsonreuters.com; +964 790 191 7021; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))