Almotamar.net, Saba - The World Bank intends to raise its aid for Yemen from $ 120 million to 200 million, Vice President of the WB for the MENA region Shamshad Akhtar said on Sunday.

Meeting Prime Minister Ali Muhammad Mujawar on her current visit to the country, Akhtar said the bank is keen on forging its partnership with Yemen through helping boost development and comprehensive economic, financial and administrative reforms.

The Sana'a meeting attended by Deputy Prime Minister for Economic Affairs and Minister of Planning and International Cooperation addressed the WB support for developmental projects in Yemen as well as major obstacles facing Yemen's economy in the present time, particularly those triggered by the global slump.

Measures taken by the government to deal with the repercussions of the crisis specifically on the state budget were raised as well.

Mujawar reviewed efforts made to diversify resources to finance the budget and rationalize spending including those reducing oil subsidies through establishing gas power plants instead of the traditional stations.