Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

USD6.4b donations to Yemen vowed  Join our daily free Newsletter

MENAFN - 05/09/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Inger Andersen, vice president for the Middle East and North Africa at the World Bank said that a group of international donors have vowed to give Yemen a total of USD6.4 billion aid to help the struggling country rebuild its economy which has been hit hard by political unrest, Reuters reported.

Andersen explained that the total sum is USD6.396 billion, and are aimed to fund the short term and portions of the long term.

The donations include USD3.25 billion in aid already pledged earlier by Saudi Arabia, of which a USD1 billion loan has been deposited in Yemen's central bank.

The US vowed to donate USD345 million in security, humanitarian and development aid, as the it seeks to prevent instability in Yemen from leaking to the neighboring oil-rich states, while the UK would grant USD312 million.

Yemen's Planning and International Cooperation Ministry said that by 2014, the country will need some USD300 million for a peaceful transfer of power, USD445 million for security, USD3.5 billion for humanitarian projects and reconstruction, and USD470 million to shore up the economy.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help