France Pledges 1bn EUR Loan to Rebuild Iraq

By John Lee.

France has reportedly agreed to lend Iraq 1 billion euros to help in the reconstruction efforts.

According to Reuters, Foreign Minister Jean-Yves Le Drian announced the agreement to reporters following a meeting on Monday with his Iraqi counterpart Mohammed al-Hakim in Baghdad.

The cost of reconstruction in Iraq is estimated at $88 billion, of which around $30 billion was pledged at a donor conference early last year.

(Sources: Reuters, AP)

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