Qatar committed to supporting Iraq reconstruction: FM

Qatar committed to supporting Iraq reconstruction: FM

Kuwait's Ministry of Foreign Affairs said a total of $30 billion had been secured at the conference.

Several other countries and organizations have made pledges as well. "It can not be undertaken alone, which calls us to the worldwide community to take part of this mission", he said on the last day of the conference in Kuwait City.

Kuwait's ruling emir says his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

The Qatari Minister of Foreign Affairs, Sheikh Mahmoud Bin Abdulrahman Al Thani, also said that his country is committed to supporting reconstruction of Iraq, pledging around $1 billion.

Luaibi said the downstream investment would lift refining capacity to 1.5 million bpd by 2021, with 500,000 bpd of that earmarked for export.

Germany said it would provide $US350 million in assistance.

More news: Winter Weather Advisory: Freezing Rain Possible

Iraq secured almost $25 billion in the first few hours of the final day of an global donors' conference in Kuwait City, which was still ongoing.The biggest pledge at the gathering in Kuwait thus came from Turkey at the meeting.

European Union's foreign policy chief, Federica Mogherini, promised 200 million euros ($A314 million).

"Iraq can not commence the mission of rebuilding itself without support, which is why we are all here today from all around the world, to stand by Iraq's side", Sheikh Sabah said.

United Nations Secretary General Antonio Guterres urged the worldwide community to address the scope of devastation that the war in Iraq has caused, saying the UN is firmly committed to the reconstruction process in Baghdad, which he reiterated would be a "daunting ensure a unified nation".

Britain pledged up to $1 billion annually in export credit over 10 years and Japan said it would contribute $100 million this year to Iraq through United Nations agencies and worldwide organisations.