More than six months after Iraq's leadership proclaimed the defeat of ISIS on Iraqi territory, the country is on a path to rebuild and has seen promising signs of international investment for its reconstruction.
Though the country's reconstruction is in its early stages, Prime Minister Haider al-Abadi told CNBC Sunday at the Munich Security Conference, he described the progress as "encouraging" and as evidence of trust from the international community in Iraq.
"We never anticipated this number of companies, investors or would-be investors, governments, to be so enthusiastic about taking part," Al-Abadi said, in reference to an international conference held last week in Kuwait for the rebuilding of Iraq. "This is a sign that there is a trust with Iraq. There is a trust that Iraq is moving to a different direction than before, which is very encouraging for us, and very encouraging for them."
The Kuwaiti-sponsored conference drew representatives from more than 70 countries, 51 international aid organizations, and several hundred businesses. The enthusiastic gathering of international donors, which culminated in $30 billion worth of pledged investment, represented widespread support for a stabilized Iraq. International leaders have warned that insufficient resources for Iraqi reconstruction could undo all the progress made against ISIS and enable social and economic problems to fuel further sectarian strife.