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Cabinet urges development projects

Posted in: Business & Economy
Written By: Faisal Darem
Article Date: Feb 6, 2010 - 11:08:21 AM
In its weekly meeting, the cabinet discussed a report presented by the Deputy Prime Minister for Economic Affairs and Minister of Planning and International Cooperation regarding the implementation of projects financed by the funds granted by donors during the 2006 London conference.
 
The report dealt with projects carried out in higher education and scientific research, technical education and vocational training.
 
However, there are economic experts who have claimed the existence of counter reports regarding the failure of a number of investment projects. They also assert that the government failed to meet the necessary conditions that would have allowed projects to receive the full financing from the donations offered by the international community during the London Summit of 2006.
 
Hisham Sharaf Abdullah, Yemen’s Deputy Minister of Planning and International Cooperation, responded by saying, “We had asked the donors during the 2006 London summit to finance investment projects valued at $10 billion, but we received only $5 billion. Traditional donors and supporters of Yemen offered $2 billion while the new donations represented only $3 billion.”
 
Concerning the failure to accomplish the projects undertaken, as well as not taking advantage of resources and investments offered, Abdullah said, “It was not a failure on the part of the government but rather the slow pace of movement in this situation.”
 
“The reasons for the slow pace stem from the weakness of local resources, the lack of research, and disagreements between the donors and the state on how the projects should be accomplished,” he continued.
 
However, Hisham Sharaf Abdullah feels that an effective solution to these roadblocks is around the corner. “We are working on overcoming this situation and finding an efficient administration that will complete the projects for 2010-2011.”
 
The new administration eliminated centralization of reliance upon the Ministry of Planning, and all work is now in cooperation with all the state’s institutions. The role of the Ministry of Planning has been remodeled to function as a medium with which to follow up with the donors and search for investments. The technical and executive work will be taken care of by other ministries.


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