Business & Economy
Written By: Mohamed Ali Mohamed
Article Date: May 8, 2012 - 4:17:15 PM
The Ministry of Planning and International Cooperation “MOPIC” will review in a meeting with representatives of all participating countries the emergency fund draft for 2012 and 2013 estimated to earmark $ 10.4 billion.
Economic sources said that the meeting will be chaired by the MPIC Minister, Mohammed al-Sa’di. It will discuss the interim program for stability and development for covering the humanitarian, economic and political priorities in addition to the national reforms, so as to present them at the ministerial meeting of the Friends of Yemen scheduled to be held by the end of this month.
Al-Sa’di announced that the Reconciliation Government intended to set a new strategy for cooperation with the regional and international donating countries and organizations, focusing on the promotion of existing and future partnership in accordance with the Yemeni requirements.
The Yemeni Minister affirmed that the meeting will review the challenges and problems that hinder the activation of the contributions of donors in supporting the trends of development and progress in Yemen. It will also develop a common vision regarding the existing and future partnerships with the donors in a way that suits Yemen’s needs.
Economic sources pointed out that the interim economic program is preparing a short term development plan for restoring the development, social, political and economic stability as well as he economic recovery. It is based on previous development plans and strategies as well as the general program of the Reconciliation Government. The Yemeni Government identified in its draft program, $ 9.2 billion for the economic and humanitarian priorities and $ 1.2 billion for its national and political reforms.
According to the economic recovery plan’s report, the Yemeni government pointed out that it will face an urgent need for $ 1.2 billion for the recovery of its productive sectors such as agriculture, fishery, Oil and Gas and tourism sectors, in addition to the improvement of infrastructures of water and electricity, ports, sea, air and land transportation , public works and roads.
The governmental document disclosed that the cost of meeting the youth demands would equate to $ 4.4 billion, distributed over social protection general, vocational and university education programmes , vocational training, health education and social empowerment for women.
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