In addition, the World Bank and International Monetary Fund plan to pump extra cash into Iraq aimed, for example, at helping local entrepreneurs take advantage of the new opportunities opening up.
"Iraqis should not just benefit in terms of jobs hauling cement and bricks. The donor economy will have the effect of kick-starting the Iraqi private sector. It will create permanent jobs," said Goledzinowski.
But despite such promises of prosperity, many locals doubt improvements will be made as they say living standards have dropped further since the collapse last April of Saddam Hussein's regime.
"There is a problem with everything, electricity, water and other basic needs," said Yasse Chazi Abdul Karim, a 25-year-old-student in Baghdad.
"These things are not difficult to fix, I don't think they [the donor community] are serious here."
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