February 14, 2018 / 11:57 AM / in a year

IDB ready to finance Iraqi infrastructure with $500 million: president

KUWAIT (Reuters) - The Islamic Development Bank (IDB), the largest development organization 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.

 (This story corrects name of official in paragraph 1 in February 14 story.)

Reporting by Maher Chmaytelli and Ahmed Hagagy; Writing by Ahmed Aboulenein; Editing by Alison Williams

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