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Economy
Almotamar Net - Chief Operations Officials in the International Finance Corporation (IFC) James Joe Harry has affirmed that the IFC helps train banks and specialized financial institutions in Yemen for improving their ability to offer financial services to individuals and the smaller, small and medium commercial businesses, which are increasingly important in supporting the Yemeni economy.

Wednesday, 18-November-2009
Almotamar.net - Chief Operations Officials in the International Finance Corporation (IFC) James Joe Harry has affirmed that the IFC helps train banks and specialized financial institutions in Yemen for improving their ability to offer financial services to individuals and the smaller, small and medium commercial businesses, which are increasingly important in supporting the Yemeni economy.

In a conference on expanding investment opportunities that the IFC, affiliated to the World Bank, has committed to offer about $189 million for investment in Yemen in sectors of health, education, services avertable industries as beginning from June 2009.

At the conference of financing sources via housing and guaranteed lending held in Sana'a on Wednesday, he added that he programme of investment services in IFC comes for the discovery of the ways that the financial institution in Yemen could provide a large group of products and survives for businessmen and businesswomen in Yemen.

Joe Harry said that the conference which convened government concerned parties with representatives of the private sector, would give a general glimpse on finance programmes of the programme of the IFC investment services with focusing on guaranteed lending and financing housing.

For his part the chairman of Yemeni Banks Society , the Director General of the Arab bank Omar al- Sous said the work on increasing the opportunities of obtaining housing financing would create economic growth by creating job opportunities beginning from commercial works and building economic connections at the individual level and provide accommodation for the people and real assets .

He confirmed that guaranteed loans would help increase providing investment and reducing its cost by enabling persons to using movable assets.
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