Yemen gets pledges from donors to provide $6.4 billion

Both state and regional organizations, in addition to international donors to Yemen announced on Tuesday in the Saudi capital of Riyadh during the donors conference for granting an estimated US$6,400,000,000 as ceiling pledges to Yemen, devoted to the support of stability program and development in Yemen from 2012 to 2014.

Part of Yemen's donors conference held in Riyadh last week.

A number of donor countries and organizations agreed to declare their pledges during the conference of Friends of Yemen gathering to be held in New York later this month. At the closing session of the conference, Yemeni Prime Minister Mohammed Salem Basindwah expressed his thanks and appreciation to all countries and organizations that have announced their pledges at the conference.

 Basindwah also expressed his confidence in the Declaration of the remaining donor countries and organizations to their commitments in the next conference.

“We are confident that brothers and friends will be steadfast alongside the Yemeni people in time of need and distress,” he said. PM Basindwah pledged the government’s commitment to continue fighting against corruption and to develop mechanisms of transparency and improve the absorptive capacity of the grants, aid and loans, to reflect in the form of the desired change for necessary economic and social development that achieve the aspirations of the Yemeni people.

Saudi Finance Minister, Ibrahim al-Assaf considered these pledges as good number, expecting to announce new pledges at the Friends of Yemen conference in New York.

 Al-Assaf stressed the importance of accelerating the implementation of the pledges and figures should reflect on development of the people of Yemen.

Donor countries and organizations have confirmed their commitment to support the Yemeni government efforts aimed to continue to apply the terms of the Gulf initiative and the implementation of the stability program that is in concord with the objectives of the initiative.

The statement at the conference praised the Saudi initiative for pledging US$3,250,000,000 to support the stability progress program in Yemen.           

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