for the first time since 1990 .. Kuwait offered a grant to Iraq


 

 

For the first time since 1990 .. Kuwait provide Iraq with a financial grant
51 minutes ago

Twilight News / Iraqi official said on Tuesday that Kuwait approved a grant of $ 100 million grant to Iraq to support humanitarian projects and reconstruction efforts in the areas of organization Daesh recovered.

The grant is the first Kuwaiti financial assistance to Iraq since the Iraqi invasion of Kuwait in 1990.

A spokeswoman for the restoration of the Iraqi Reconstruction Fund said officials from the two countries signed a grant agreement in Kuwait on Tuesday.

Said Mustafa Hiti, head of the fund in a statement that the grant agreement encouraging start for further cooperation between Iraq and Kuwait.

The funding aims to rebuild cities and areas recovered from the organization of the Islamic state, which declared the caliphate in Iraq and Syria in 2014.

The war against the organization and affected as well as the decline in oil prices on the Iraqi government’s budget with almost total dependence on oil sales.

 

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