The United States does not plan to announce a financial contribution to Iraq's rebuilding efforts in the upcoming conference in Kuwait after the nation's infrastructure was damaged during its war against Islamic State forces.
Responding to a question by Petra's reporter, the ambassador stressed the importance of the coalition's meeting, which will be hosted by Kuwait on Tuesday, as part of efforts to fight terrorism and to deal with the post-Daesh military defeat stage.
The US, which leads an worldwide coalition that provided Iraq with key air support in the fight against ISIL, does not plan to pledge any money.
Iraqi government officials said on Monday at the opening of the three-day conference that the funds raised will be directed at a country that is now better placed to combat corruption and failures in investment accountability. It announced $330 million alone had been pledged Monday for Iraq at a humanitarian conference in Kuwait City.
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Meanwhile, the United States is not expected to contribute any money at the conference in Kuwait that's aimed at funding Iraq's reconstruction.
The Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah called on all friendly countries as well as global organizations to meet in Kuwait and support the efforts in rebuilding Iraq.
Railways, airports, and ports construction, reconstruction, and rehabilitation are also high on Iraq's investment opportunities list, including berths for oil products exports and imports at the $6-billion project for the Grand Port of Al Faw at Basra, it added. "They'll need two sets of reforms, and those reforms can't wait".
Although the US government was not expected to pledge direct financial aid at the conference, Tillerson said the official USA export credit agency, the Export-Import Bank of the United States (EXIM), would sign with Iraq's finance ministry on Tuesday a $3 billion memorandum of understanding "that will set a stage for future cooperation".
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According to the report, "Iraq: Reconstruction and Investment", released by Kuwait's Chamber of Commerce and Industry in January, more than 200 projects in 10 sectors, including education, health, transportation and agriculture, are ready to receive financing.
Involving private corporations is a awful idea since they have no stake in helping Iraq and will only be in pursuit of a quick profit.
The US also occupied Iraq for eight years after its invasion of the country in 2003, which led to the fall of former strongman Saddam Hussein.
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