YEMEN SEEKS MIGA IMPROVED ROLE

ISTANBUL, Oct. 07 (Saba) - Head of the Investment Authority Salah
al-Attar has met with Executive Vice President of the Multilateral
Investment Guarantee Agency, a member of the World Bank Group, Izumi
Kobayashi.

The meeting held on the margins of the annual meetings of the World
Bank Group and the IMF, reviewed investment climate in Yemen, with
al-Attar stressing the importance of activating the MIGA role in the
country.

He hoped the MIGA offer guarantees for private investment in Yemen,
pointing to the need for guaranteeing investment in general and
Arabian Gulf investment in particular in the country.

Al-Attar also invited Kobayashi to the Investment Conference " Yemen
the Gate of the World" to be held on 11-12 November in Yemen's
business capital of Aden.

The event may provide the agency with the suitable opportunity to
show its services for local and foreign participants, he said.

For his part, Kobayashi expressed his agency's readiness to work on
more investment guaranteeing in Yemen, adding the agency would be
interested in attending the Aden conference.

On the other hand, al-Attar met with Deputy Chairman of the
International Finance Corporation Janamitra Devan.

The two discussed progress on implementation of IFC-funded projects
in Yemen as well as other topics including the investment climate,
investor service center project in Aden, the project of reviewing
investment legislative and institutional structure.

FR