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World Bank Supports Yemen with $816 Mn - ASHARQ AL-AWSAT English
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Middle East

World Bank Supports Yemen with $816 Mn

Logo for the World Bank

Riyadh-The World Bank has committed $816 million to support emergency projects in Yemen, according to a senior Yemeni official. The announcement comes as Riyadh is scheduled to host an international meeting on Wednesday on ways to provide support for Yemen and unify efforts to achieve a secured future for Yemenis.

The meeting will be organized by Saudi Arabia and the World Bank, with the participation of other donor countries, and it will be entitled: “Recovery and Reconstruction in Yemen.”

Yemeni Minister of Planning and International Cooperation Dr. Mohammad al-Saadi told Asharq Al-Awsat that the World Bank is currently considered a major supporter for Yemen in areas of humanitarian aid, reconstruction, and budget.

Saadi pointed out that the total budget to be spent on Yemen through the World Bank’s portfolio, according to the fiscal year beginning in June is about $816 million.

He explained that the money will be allocated to the areas of education, health, food, import, and welfare.

The Yemeni Minister revealed the arrangements being made to reopen offices of the World Bank and other international organizations in the interim capital of Aden.

“The World Bank is now working through UN organizations, and there are arrangements to reopen the office and other international organizations in Aden,” he told Asharq Al-Awsat.

He also talked about the meeting that will be held in Riyadh today with the participation of representatives for more than 50 countries, organizations, and financial funds.

He noted that it will tackle three major files, which are: food crisis and food security, how to provide supportive means to import of urgent needs to support the Yemeni budget and framework of economic recovery and reconstruction.

Saadi said that UN Special Envoy to Yemen Ismail Ould Cheikh Ahmed will participate in this meeting, which will provide financial and logistic support for Yemen during the coming period.

The meeting, according to Saadi, will bring together representatives of donor countries, including members of the Gulf Cooperation Council (GCC), the United States, EU members, UN agencies and international and regional financial institutions.

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