I guess it depends on which wire service you want to believe...
Check out these two headlines on the same subject from Reuters and AP (emphasis mine):
Donors Promise Iraq $33 Billion, Smashing Expectations
Fri Oct 24, 2:47 PM ET
By David Chance and Mona Megalli
MADRID (Reuters) - International donors pledged at least $33 billion in aid and loans over the next four years to help rebuild war-ravaged Iraq (news - web sites) on Friday as the response to a U.S.-led drive for funds far outstripped expectations.
http://story.news.yahoo.com/news?tmpl=story&cid=578&e=1&u=/nm/20031024/ts_nm/iraq_donors
_dc
Iraq Rebuilding Money Short of $56B Goal
Fri Oct 24,10:38 PM ET
By BARRY SCHWEID, AP Diplomatic Writer
MADRID, Spain - Iraq (news - web sites)'s postwar reconstruction received a boost Friday as nations from Japan to Saudi Arabia pledged $13 billion in new aid on top of more than $20 billion from the United States. But the figure fell well short of the estimated $56 billion needed to rebuild the country, and much came in the form of loans that could saddle Iraq with new debts.
http://story.news.yahoo.com/news?tmpl=story&cid=514&e=3&u=/ap/20031025/ap_on_re_mi_ea/ir
aq_conference
REUTERS: The glass is half full.
AP: Bullshit! The glass is half empty!
REUTERS: Half full!
AP: Half empty!
[Fisticuffs ensue]