Almotamar Net - Yemens Deputy Premier, the Minister of Planning and International Cooperation Abdulkarim Ismael al-Arhabi on Sunday said the World Bank (WB) allocated 98  million SDR, equaling $194 million for the fiscal year 2008 with an increase of $59 million  compared with what was allocated for Yemen in the programme of country assistance.

Monday, 24-September-2007
almotamar.net - Yemen's Deputy Premier, the Minister of Planning and International Cooperation Abdulkarim Ismael al-Arhabi on Sunday said the World Bank (WB) allocated 98 million SDR, equaling $194 million for the fiscal year 2008 with an increase of $59 million compared with what was allocated for Yemen in the programme of country assistance.

Al-Arhabi mentioned the increase came as a reflection of the present development Yemen is witnessing in carrying out programmes of reform and the noticeable improvement that happened to the institutional performance.

The deputy premier added that the Ministry of Planning, in accordance of the new allocation rules in the WB, Yemen will receive half of the allocation in the form of a grant and the other half as a very easy loan. He affirmed that that forms an additional privilege for Yemen for the alleviation of the burdens of foreign loan services in the final years.

This story was printed at: Friday, 29-March-2024 Time: 04:27 AM
Original story link: http://www.almotamar.net/en/3422.htm