Japan confirms $1.5bn for Iraq

15 October 2003
Tokyo announced on 15 October that it would donate $1,500 million to the reconstruction effort in Iraq during 2004. The sum was made public two days before US President Bush visits the country on a tour of the Far East, but the money will be officially offered during the Madrid donors' conference on 23-24 October. The move is seen as a sign of solidarity with the US, which asked for assistance from Tokyo in the reconstruction effort. Japan is expected to donate a total of about $5,000 million over four years to Iraq.

The international community has been cautious in offering money for Iraqi reconstruction. The US, UK and Japan are the only countries to commit large sums, with smaller pledges coming from countries that did not support the US-led invasion (MEED 14:10:03).

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