Iraq's Foreign Minister Ibrahim al-Jaafari attends the Kuwait International Conference for Reconstruction of Iraq, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee
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The United States Tuesday urged members of the coalition fighting Daesh (ISIS) to help rebuild Iraq or risk a reversal of the gains made against the group, and said it would extend to Baghdad a $3 billion credit line. The United States leads the coalition and hopes that after a three-year fight to defeat the militants it can count in large part on Gulf allies to shoulder the burden of rebuilding Iraq. It is also counting on a Saudi-Iraqi rapprochement to weaken Iran's influence in Iraq.Araji said Iraq, which has been either at war or under international sanctions since 1980, is offering projects in almost every economic field.Investors will enjoy a high level of legal protection, Araji said, adding that Iraq is also planning to establish four economic zones.Prime Minister Haider al-Abadi said Iraq would only successfully rebuild with outside help.
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