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Facts: Iraq's needs and donors
MADRID, Spain -- At least 58 nations are meeting in Madrid as the United States presses for money to rebuild war-torn Iraq. Following are details of how much money is required and what had been pledged so far. Requirements: The United States has said $55 billion is required over the next five years to rebuild the country. The United Nations, World Bank and International Monetary Fund estimates $36 billion is needed between 2004 and 2007. But the World Bank says its figure excludes the $20 billion additional funds need for security and oil, as highlighted by the Coalition Provisional Authority. Pledges from the United States and its close allies: United States -- Washington has already committed $20 billion to the effort. It also plans to use about $5 billion in Iraqi oil revenue for the reconstruction starting in 2005. Britain -- London has said it would contribute £296 million ($496 million) up to March 2006. Its total commitment for the three years from April 2003, stands at £544 million. Spain -- Madrid has pledged $300 million through 2007. Other donors: World Bank -- The funding agency has agreed to loan between $3 billion and $5 billion over five years. International Monetary Fund -- The group will provide $850 million in loans next year, rising to $4.25 billion through 2007. Japan -- Tokyo is the biggest contributing nation so far, offering a $5 billion package -- $1.5 billion in grants for 2004 and $3.5 billion in loans from 2005 to 2007. European Union -- The 15-nation block has been criticized for its offer of 200 million euros ($235 million) for 2004. But taking into account its humanitarian aid the total contribution stands at more than 1.4 billion euros ($1.7 billion). Saudi Arabia -- It will provide $1 billion in loans through 2007. Kuwait -- The country invaded by Saddam Hussein's regime, prompting the 1991 Gulf War, has announced $500 million in aid, in addition to $1 billion already spent. Italy -- The government says it will provide $236 million from 2004 to 2006, but it did not say if the money would be in grants or loans. United Arab Emigrates -- Dubai has offered $215 million. South Korea -- Seoul has pledged $200 million. Canada -- Ottawa has earmarked $225 million. Germany, France and Russia -- The chief opponents of war, have refused to pledge any new money now because of concerns over the slow transfer of power to Iraqis. Berlin has offered 100 million euros ($118 million) so far. Qatar -- The Persian Gulf emirate, where the U.S. Central Command was based during the buildup to the Iraq war, is donating $100 million. The Philippines -- Manila has pledged $1 million. Slovakia -- The country will provide $290,000. Copyright 2003 CNN. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Associated Press contributed to this report.
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