As London Conference nears, Yemen says needs $ 50 billion for next ten years

SANA'A, Jan. 25 (Saba) =96 The upcoming London Conference on Yemen
would produce an international
unified vision of Yemen's economic and security problems with which the
problems can be resolved and eased towards a peaceful region, deputy
minister of Planning and International
Cooperation Hisham Sharaf has said.
In an interview with the mouthpiece of the ruling party, al Methaq
Newspaper, he said that Yemen needs about $ 50 billion in the next ten
years to establish infrastructure
able to serve the people and attract investments and then pulling Yemen
out of the least developed countries' list.
At the event, Yemen will focus on roadblocks to development, he said,
urging donors to take concrete steps for writing off Yemen's debts, at
least by half, because the debts
are burdening the country.
Sharaf also urged the GCC states to support the paid balance in Yemen
in an effort to boost its financial situation and national currency.
Yemen is in need for such a bold step and deserves it under domestic
and regional stability achievements, he said.
He, furthermore, reiterated Yemen's commitment to continuing economic
reforms in various fields, particularly in areas such as management and
economy as well as enforcing
the rule of law.
'Yemen has a clear and honest reform vision that requires support from
world and regional donors. Yemen should be dealt with as a partner
=85=85with this all then can see we
are going ahead in the best interest of the nation.' Under suitable
support, Yemen can be a big workshop of reforms and this year can see
finalizing donor pledges through
signing aid deals and announcing tenders for developmental projects, he
concluded.
Britain early this month called for a Yemen meeting to discuss how to
support the country to face its economic and security challenges.
Yemen appreciated the initiative, saying its proved a real desire by
donors to stand by it.
FR