Business & Economy
Written By: Mohammed al-Kibsi and Elena White
Article Date: May 7, 2012 - 7:30:27 PM
The World Bank announced allocating US$863 million for development projects in Yemen, said a statement issued by the 26sep.net website on Monday.
Meanwhile as Yemen is preparing for its Donors Meeting hoping to raise enough capital to kick start its ailing economy, Prime Minister Mohamed Salem Basendwa met with the Executive Director of the World Bank in Yemen, Mirza Hassan to discuss their ongoing partnership.
The World Bank which was one of the first international body to reopen its doors in Yemen following 2011 violent uprising announced weeks ago that it would resume its programmed in Yemen and release funds which had been so far withheld as a result of the insecurity, in a bid to assist the country in its reconstruction.
Now, Mirza Hassan expressed his desire to see the World Bank play an active role in the preparations of the Donors Meeting as well as to act as a go-between, a liaison officer for the country and foreign donors.
The Premier used this opportunity to extend his thanks towards Hassan, saying that only through cooperation with foreign partners would Yemen successfully achieve its economic, political and social recovery.
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