Madrid announced on 17 October that it is to offer an aid package to Iraq totalling $300 million over four years. The money will include $210 million in donations and the rest in loans or feasibility studies for reconstruction projects, Finance Minister Rodrigo Rato said after a cabinet meeting. Spain will officially offer the money at the 23-24 October donors' conference in Madrid. Spanish Prime Minister José Maria Aznar was quick to support the US-led coalition before the invasion of Iraq, and remains a strong ally of Washington and London.