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Publish Date : 17-Apr-2014

The World Bank announced that it has allocated a grant of US$50 million to Yemen to finance a public works project.

The scope of the project is to provide urgent jobs to the public works sector which will help to boost the social recovery and economic growth by supporting infrastructure projects, marking the challenges of unemployment and improving basic public services in Yemen.

Concurrently, in Washington, Yemeni authorities and WB officials started discussion on the financing of the US$50 million-Fourth Phase of the Social Fund for Development (SFD IV) Project for Yemen. The project will help to boost access to basic services, advance economic opportunities and decrease the vulnerability of the poor.

Planning and International Cooperation Minister Mohammad al-Saadi and Finance Minister Sakhar al-Wajeeh also met at the headquarters of the US State Department in Washington, with Principal Deputy Assistant Secretary of State Gerald Feierstein. They discussed over the support of development partners in Yemen to the efforts of the government to enhance the development and stability in the country and ways to support Yemen’s budget for 2014.

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