Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture The first of a hundred steps is now complete. We salute those who helped the NDC become the road map for the future Yemen. Strides of success were made, but the real test awaits us all. Will the government deliver and turn ink on paper into reality?  
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL LOCAL INTERVIEW REPORT POLITICS BUSINESS HEALTH YEMEN IN THE NEWS MIDDLE EAST INTERNATIONAL ARCHIVE
LATEST UPDATES Houthi rebels to launch 2nd stage of protest as leader warns of attacks :: Hadi calls Military and Security Forces to Defend Sana'a, the Capital :: Presidential committee in Saada as party reveals initiative to resolve Yemen crisis :: Yemen: 2500 precious manuscripts smuggled into Israel in past five decades :: Hadi vows strict measures to punish those attempting to destabilize Yemen :: CBY Governor: Fiscal situation stable after reforms in Yemen :: G10 Ambassadors in Yemen Demand Houthi to Respect law :: Yemen forces on high alert as militants rally on outskirts of capital :: For fifth successive year, China ranks as first trade partner with Yemen in 2013 :: Yemen President intensifies meeting with aides, formes new committee on Saada ::
BREAKING NEWS
z
BUSINESS
Last updated: 03:00:10 AM GMT(+03) Thursday, 04, August, 2011
 
 

WB Suspends $542 Million to Instable Yemen

 

 
*
 Yemen Post Staff

The World Bank suspended hundreds of millions of USD in aid to Yemen as from July 28 due to the political and security situation as the dueling protests and associated severe crises continue across the republic.

Independent sources cited a WB statement as saying that the decision came in harmony with the Bank's rules that call for such a procedure in complicated circumstances to avoid negative impacts on its programme course in any country.

The Bank is sponsoring 21 projects in Yemen with $882 million, $542 million out of which has not been released yet, the source reported, citing the statement as saying that the Bank will be ready to resume its activities normally in the country when the situation returns normal.

Yemen has been hit by month-long dueling protests that have resulted in severe crises including acute shortages and lawlessness. 

Meantime, the political department director in the ruling party, Abdullah Ghanim, said that President Saleh will come back to the country when he completes his medical treatment in Saudi Arabia.

Saleh was badly injured in a rocket attack on his palace in June that also injured more than 86 senior officials and killed almost 11 of his bodyguards.

Saleh remains the legitimate president of Yemen and all constitutional reasons exploited by the opposition are not valid because the president can resume his duties perfectly, he told Saba.

The Yemeni constitution provides that a president's term ends directly and powers go to his deputy if the president stays more than 60 days out of office for incompetent reasons.

The government says this constitutional article does not apply to the situation of President Saleh because  he is not totally incompetent.

 President Saleh resumed his duties as the head of state when started to recover in Saudi Arabia and none can replace him but through elections, Ghanim added. 

 

 

 

 

 


*
Source: Yemen Post Newspaper
 
 
MORE BUSINESS
 
For fifth successive year, China ranks as first trade partner with Yemen in 2013
CBY Governor: Fiscal situation stable after reforms in Yemen
Hadi says oil subsidy reform "patriot decision to prevent fall of national currency"
Friends of Yemen to hold meeting in New York next month
As trade delegation arrives in Sanaa, China says to broaden cooperation with Yemen
Economists say lifting oil subsidies not enough to address Yemen’s financial problems
Yemen approves October crude sales at 2.9 million barrels, committee
International Monetary Fund confirms $560 million loan
Tribesmen blow up pipeline, the state fixes it
Calvalley Petroleum faces strike action
 
 
Comments
 
Leave a Comment
Comment will be published once it has been approved by our moderators.
Name:
Title:
Comment:

TERMS AND CONDITIONS
Yemen Post may edit comments for length and clarity but will not change the tone of the message. Comments will only be accepted if all fields (including name) are filled correctly and the message isn't abusive, defamatory or offensive. All comments sent may be forwarded for use in the Yemen Post newspaper.
Article Tools
Email this Article Email this article
Print Friendly Version Print
Email this Article Email the Editor
 
Most popular
 Houthi rebels to launch 2nd stage of protest as leader warns of attacks
  Hadi calls Military and Security Forces to Defend Sana'a, the Capital
 Presidential committee in Saada as party reveals initiative to resolve Yemen crisis
 Yemen: 2500 precious manuscripts smuggled into Israel in past five decades
 For fifth successive year, China ranks as first trade partner with Yemen in 2013
 Yemen President intensifies meeting with aides, formes new committee on Saada
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?

VOTE  OR SEE POLL RESULTS
 

   
   
   
© Yemen Post. All Rights Reserved 2007- 2014    

 Designed and developed by
  HyperLink