Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture One year into Hadis presidency, Yemen is still in search for its Nelson Mandela.  
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 After Hadhramawt al-Qaeda eyes up al-Baydha :: Security analysts' fears are confirmed; al-Qaeda moves against Hadhramawt :: Gitmo detainees could be heading home to Yemen soon :: Press Release :: Yemeni journalists are still held hostage one week on :: Protesters call on President Hadi to intervene in tribal violence :: Small and medium-sized enterprises in Yemen :: Yemen islands turned into trafficking hub :: Turkey blames weapons smuggling on organized crime :: Press Release - John Kerry - Yemen National Unity Day ::
BREAKING NEWS
z
BUSINESS
Last updated: 11:41:07 PM GMT(+03) Sunday, 24, February, 2013
 
 

GCC Secretary General urges World Bank to support Yemen

 
*
 Yemen Post Staff

Dr. Abdul-Latif bin Rashid al-Zayani, Secretary General of the Gulf Cooperation Council - GCC - urged on Thursday World Bank Regional Director, Hartfg Scheffer to provide Yemen with the technical supports it requires to better absorb foreign aid and hence enhance its ability to rebuilt its institutions as well as boost its economy.The meeting which took place in Riyadh - Saudi Arabia - at the headquarters of the Secretariat General of the Cooperation Council meant among other matters to iron out WB position in Yemen and the role it could play in assisting the impoverished nation's recovery.Although Yemen was promised billions of dollars - $7.9 billion - back in September 2012 at the Friends of Yemen Donors' Conference, the government self-confessed it was having difficulties absorbing the aid due to a lack of structure.Yemen Prime Minister Mohammed Salem Basindwa estimated earlier this year Yemen wold only be able to absorb up to $700 million of economic aid per annum; a figure say economists which is not nearly sufficient to salvage Yemen's broken economy and provide the help and support hundreds of thousands Yemenis need.Despite an injection of funds by WB in May 2012 - $863 million - to improve the absorptive capacity of the Yemeni public institutions, officials have complained Yemen needs to work harder and faster if the nation is ever to benefit for the billions set aside by the world community.Dr. Zayani is now asking for yet more support.


Yemen Post Staff
*
Source: Yemen Post Newspaper
 
 
MORE BUSINESS
 
Small and medium-sized enterprises in Yemen
Inflation on the rise
Coalition government to end oil subsidies to cover national deficit
Press Release: Total E&P Yemen sponsored The World Day for Museums
PRESS RELEASE: Track24 and Itex Solutions Launch New Employee Location Management System In Yemen
Yemen wants to expand Islamic microfinance exposure : Research Study
Recovery of Yemen looted funds on economists agenda
Yemen to cut oil subsidies to please IMF
Yemen - Saudi Arabia Oil conflict
Against all odds - Yemen's economic outlook remains positive -
 
 
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
 Alkarama and HOOD hand report on targeted assassinations to United Nations experts
 After Hadhramawt al-Qaeda eyes up al-Baydha
 Security analysts' fears are confirmed; al-Qaeda moves against Hadhramawt
 Gitmo detainees could be heading home to Yemen soon
 Small and medium-sized enterprises in Yemen
 Yemen islands turned into trafficking hub
 
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- 2013    

 Designed and developed by
  HyperLink