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