Yemen, AFESD Sign New Financing Agreement


(MENAFN- Qatar News Agency) Yemeni and the Arab Fund for Economic and Social Development (AFESD) signed here today a new financing agreement worth US$ 50 million, to be earmarked for finance of the private sector's small and medium-scale industrial projects. The agreement was signed by the Yemeni Minister of Planning and International Cooperation Dr. Mutahar Al-Abbasi, Board Chairman of the Cooperative and Agricultural Credit Bank (CAC Bank)Monasr Saleh Al-Qu'aiti and AFESD's Legal Adviser Dr. Abdullah Ould Yaya The project aims to provide finance to private sector's small and medium scale enterprises in the field of agriculture and fisheries.


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