Investment in Post-invasion Iraq

Investment In Post-invasion Iraq

Investment in post-2003 Iraq refers to international efforts to rebuild the infrastructure of Iraq since the Iraq War in 2003.

Along with the economic reform of Iraq, international projects have been implemented to repair and upgrade Iraqi water and sewage treatment plants, electricity production, hospitals, schools, housing, and transportation systems. Much of the work has been funded by the Iraq Relief and Reconstruction Fund, and the Coalition Provisional Authority.

A significant event for aid or investment in post-2003 Iraq was the Madrid Conference on Reconstruction on October 23, 2003, which was attended by representatives from over 25 nations. Funds assembled at this conference and from other sources have been administered by the United Nations and the World Bank.

While reconstruction efforts have produced some successes, problems have arisen with the implementation of internationally funded Iraq reconstruction efforts. These include inadequate security, pervasive corruption, insufficient funding and poor coordination among international agencies and local communities. Many suggest that the efforts were hampered by a poor understanding of Iraq on the part of the international community assisting with the reconstruction.