Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture By 2015, closed door meetings for Yemen President Abdurabu Hadi will be limited.... Foreign embassy searches not ruled out....Foreign censorship halted..... Yemenis linked with foreign intelligence hunted for.
cheat on my husband online catch a cheater
how to cheat wife why wife cheat all wives cheat
website click here online
read here women who want to cheat website
how abortion works average cost of abortion where can you get the abortion pill
chlamydia test kits click early signs of chlamydia
how to prevent hiv link facts about hiv/aids
 
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL
how abortion works celebrity abortion stories where can you get the abortion pill
what are std symptoms will penicillin cure chlamydia free std clinic los angeles
LOCAL
why do women cheat on husbands why husband cheat read
hiv and aids statistics information about hiv aids hiv statistics
abortion bill abortion clinics in pittsburgh pa abortion illegal
treatments for hiv/aids signs of aids in women hiv aids statistics
chlamydia test kits stdstory.com early signs of chlamydia
INTERVIEW REPORT
married men who cheat with men why do guys cheat how to cheat husband
how many women cheat on husbands cheat wife click
website website online
hiv and aids statistics information about hiv aids hiv statistics
abortion bill how much is it to get an abortion abortion illegal
POLITICS
how to cheat wife why wife cheat all wives cheat
what are std symptoms will penicillin cure chlamydia free std clinic los angeles
chlamydia test kits stdstory.com early signs of chlamydia
BUSINESS
click here click read
why do women cheat on husbands women that cheat on their husbands read
how to cheat wife why wife cheat all wives cheat
hiv and aids statistics treatment of hiv aids hiv statistics
HEALTH
abortion bill how much is it to get an abortion abortion illegal
YEMEN IN THE NEWS
how many women cheat on husbands online click
MIDDLE EAST
link open click here
click here unfaithful spouse read
what are std symptoms will penicillin cure chlamydia free std clinic los angeles
INTERNATIONAL
why do women cheat on husbands women that cheat on their husbands read
hiv and aids statistics treatment of hiv aids hiv statistics
ARCHIVE
website website online
read here click here website
LATEST UPDATES 22 UAE forces killed in Yemen :: Houthis in negotiations to form Yemen government
how to prevent hiv click facts about hiv/aids
:: Two ICRC staffers killed in Yemen
best free text spy app free app android 100 free spy apps for android
:: 27 dead, dozens injured in Yemen capital blasts :: 27 dead, dozens injured in Yemen capital blasts :: More Arab troops, equipment deployed to Yemen :: Yemen bans motorbikes recently used for targeted killings :: Battle to retake Yemen capital nears
chlamydia test kits click early signs of chlamydia
:: Ministry says Taiz facing war of extermination
how abortion works average cost of abortion where can you get the abortion pill
:: Security chief shot dead in southern Yemen
chlamydia test kits stdstory.com early signs of chlamydia
::
BREAKING NEWS
z
LOCAL
click here click read
why do women cheat on husbands why husband cheat read
hiv and aids statistics information about hiv aids hiv statistics
abortion bill abortion clinics in pittsburgh pa abortion illegal
treatments for hiv/aids signs of aids in women hiv aids statistics
chlamydia test kits stdstory.com early signs of chlamydia
Last updated: 12:31:45 PM GMT(+03) Thursday, 07, March, 2013
 
 

Yemen at the midpoint to its new future

click here men who have affairs read
reasons wives cheat on their husbands why men cheat all wives cheat
what are std symptoms venereal disease list free std clinic los angeles
best free text spy app android spy cam 100 free spy apps for android
teen pregnancy shareabortionstory.com how much for a abortion
 
*
 Yemen Post Staff
how many women cheat on husbands reason why husband cheat click
hiv and aids statistics treatment of hiv aids hiv statistics
black women white men affairs with married men husband cheated
treatments for hiv/aids humanitarian aid organizations hiv aids statistics

By Wael Zakout, World Bank Country Manager

This month marks the midpoint of the transition process in Yemen. The peace agreement brokered by the Gulf Cooperation Council was signed in November 2011, but the actual implementation of the process began with the election in February last year of Abd Rabbo Mansoor Hadi as president of the Republic of Yemen, and head of the Government of National Reconciliation. As agreed upon in the peace initiative, the transition will include a national dialogue that brings together a broad geographic and political cross section of the country, the drafting of a new constitution, and concluding with new parliamentary and presidential elections. The two year transition is due to be completed in February, 2014.

The formal transition process has three important political, security and economic components.Much has been said about the progress on the political and security fronts. I want to focus today on economic developments. The picture at this stage is mixed. There is good news, and not quite as good news.

Let me start with the good news. First, at the macro level, things are stabilizing. The Central Bank of Yemen reported an increase in foreign currency reserves to US$6.2 billion, from a low of around US$3.7 billion that was reached at the height of the crisis. This is partly the result of a US$1 billion deposit made by Saudi Arabia,but also due to improved management by the Central Bank. The currency is stable at around 215 Riyals to the US Dollar. Inflation is also under control. The International Monetary Fund expects a growth rate of around 4.4 percent this year, compared to a mere 0.5 percent last year and a contraction of around 19 percent in 2011, the year of the political crisis. Finally, the Central Bank recently reduced interest rates to 15 percent. While this is still high, it is much lower than the 22 percent of only six months ago.

Donor and government funded projects are now progressing. Almost all donors have now returned to the capital, Sana’a and a large number of contracts are currently being awarded. The projects being launched are not focused on the capital alone, but in cities and villages throughout Yemen. Roads are being repaired, schools are being built, streets are being cleaned, airports are being constructed, and a major tunnel project on the road from Sana’a to Hudeida is under bidding. Soon the government will start building the expressway that will connect Aden toTaiz. There are many other projects at the design and bidding stage.

Not only have donors returned to Sana’a and projects come back to life, but an additional US$7.5 billion was pledged to Yemen at conferences last year in Riyadh and New York. These new funds will finance priority projects over the next three years. There have been extensive discussions between the government and donors as to which specific projects the new pledges will finance, and some of the promised funds have already started arriving. On February 14th, the World Bank Board of Directors approved a number of grants to Yemen totaling US$206 million, the first installment of a pledge of US$400 million in additional support. Other donors are also moving to fulfill their commitments. Saudi Arabia has already reached an agreement with the government on the allocation of most of their pledge of US$3.25 billion.

Now for the news that is not quite as good. First, not all donors are delivering on their pledges. While Saudi Arabia has moved quickly by depositing US$1 billion with the Central Bank and aligning most of its promised funding with specific projects, some countries have neither delivered on their pledges, nor started the conversation with the government on the destination of the funds.

Second, while things are improving, both at the macro level and with the pace of government and donor financed projects, overall economic activity, especially as it relates to the private sector, has not improved enough to make a difference in either the jobless rate or poverty levels. More than 50 percent of Yemenis are still under the poverty line. Food insecurity is still very high, and high malnutrition levels, especially among children persist.

Lastly, the government has not made progress in the implementation of their commitments made with donors at last year’s conference, and formalized with the signing of the Mutual Accountability Framework (MAF). It has taken the government almost five months to agree on the establishment of the Fast Track Mechanism, a critical agency that will ensure the rapid absorption of donor funds and their distribution to earmarked projects. It will probably be a few more months yet before it is fully operational. Neither has there been significant progress on key policy actions itemized in the MAF. These include measures to improve governance and promote anticorruption, reforms to the power sector and the business environment, and the building of partnerships with Civil Society and Private Sector.

Where do we go from here? The government needs to accelerate the establishment of the Fast Track Executive Bureau and launch serious efforts to implement the commitments made at the donor conference in Riyadh, or their credibility will suffer. The donors in return need to deliver on their pledges, and deliver quickly. There is no time to waste on either side.

 

 

 

 

why do women cheat on husbands why husband cheat read
treatments for hiv/aids signs of aids in women hiv aids statistics
chlamydia test kits stdstory.com early signs of chlamydia

Yemen Post Staff
*
Source: Yemen Post Newspaper
link when a husband cheats click here
cheat on my husband online catch a cheater
read here click here website
how abortion works surgical aspiration abortion where can you get the abortion pill
 
 
MORE LOCAL
click here click read
why do women cheat on husbands why husband cheat read
hiv and aids statistics information about hiv aids hiv statistics
abortion bill abortion clinics in pittsburgh pa abortion illegal
treatments for hiv/aids signs of aids in women hiv aids statistics
chlamydia test kits stdstory.com early signs of chlamydia
 
22 UAE forces killed in Yemen
Houthis in negotiations to form Yemen government
how to prevent hiv click facts about hiv/aids
27 dead, dozens injured in Yemen capital blasts
27 dead, dozens injured in Yemen capital blasts
Two ICRC staffers killed in Yemen
best free text spy app free app android 100 free spy apps for android
Yemen bans motorbikes recently used for targeted killings
More Arab troops, equipment deployed to Yemen
Battle to retake Yemen capital nears
chlamydia test kits click early signs of chlamydia
Ministry says Taiz facing war of extermination
how abortion works average cost of abortion where can you get the abortion pill
Security chief shot dead in southern Yemen
chlamydia test kits stdstory.com early signs of chlamydia
 
 
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 Freinedly Version
Email this Article Email the Editor
 
Most popular
 22 UAE forces killed in Yemen
 Houthis in negotiations to form Yemen government
how to prevent hiv click facts about hiv/aids
 27 dead, dozens injured in Yemen capital blasts
 27 dead, dozens injured in Yemen capital blasts
 Two ICRC staffers killed in Yemen
best free text spy app free app android 100 free spy apps for android
 Yemen bans motorbikes recently used for targeted killings
 
Services
  Letters to the Editor
treatments for hiv/aids what are the chances of getting hiv hiv aids statistics
teen pregnancy shareabortionstory.com how much for a abortion
  Dear President
link open click here
abortion bill how much is it to get an abortion abortion illegal
how to prevent hiv click facts about hiv/aids
  Advertise
click here unfaithful spouse read
how to cheat wife my wife cheated all wives cheat
how many women cheat on husbands online click
read here women who want to cheat website
abortion bill how much is it to get an abortion abortion illegal
black women white men married men who cheat husband cheated
teen pregnancy link how much for a abortion
  Subscribe
how abortion works surgical aspiration abortion where can you get the abortion pill
  Submit Your Articles
unfaithful wives looking for affair cheat on husband
read here link website
hiv and aids statistics new aids treatment aids hiv statistics
best free text spy app android spy cam 100 free spy apps for android
  Classified
  Readers' Letters
link open click here
women who cheat on relationships how to know if wife has cheated I cheated on my boyfriend
how many women cheat on husbands cheat wife click
 

Sabafon

women who cheat on relationships reasons wives cheat on their husbands I cheated on my boyfriend
abortion bill how much is it to get an abortion abortion illegal
how abortion works average cost of abortion where can you get the abortion pill
 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?
how to prevent hiv link facts about hiv/aids


VOTE  OR SEE POLL RESULTS
 

women who cheat on relationships reasons wives cheat on their husbands I cheated on my boyfriend
unfaithful wives looking for affair cheat on husband
hiv and aids statistics new aids treatment aids hiv statistics
treatments for hiv/aids what are the chances of getting hiv hiv aids statistics
teen pregnancy abortion in first trimester how much for a abortion
   
   
   
© Yemen Post. All Rights Reserved 2007- 2015    

link open click here
best free text spy app free app android 100 free spy apps for android
 Designed and developed by
  HyperLink