The US-based Exim Bank announced on Tuesday it would extend Iraq a $3 billion line of credit. Washington has invested $60 billion in Iraqi reconstruction since 2003, when a US-led coalition invaded the country and overthrew former dictator Saddam Hussein. Iraq has struggled to return to stability ever since, most recently waging a military campaign against the “Islamic State” militant group. The Turkish government has pursued deepened relations with Iraqi Kurdistan in part to ensure the region remains part of Iraq. Corruption concernsMany investors at the conference in Kuwait are concerned that the money they pledge could fall into the wrong hands.

Source: Egypt Independent February 14, 2018 07:52 UTC