Yemen discusses with IMF, IFC cooperation relations

ISTANBUL, Oct.07 (Saba) -
Minister of Planning and International Cooperation Abdul-Karim al-Arhabi discussed
in Turkish
city, Istanbul, on Wednesday with Deputy Managing Director of International Monetary
Fund (IMF) Takatoshi Kato the cooperation relations between Yemen and the fund and
means
of developing them.
The meeting reviewed the economic developments witnessed by Yemen during the past
period as well as the prospects of economic growth and the possibility of IMF's
support
to Yemen's efforts to overcome the financial and economic challenges.
For his part, the IMF's official voiced the fund's readiness to offer all aspects
of financial and technical support to help Yemen to face the challenges within the
new
offered programs which the fund presents to the developing countries in light of the
global financial crisis' consequences.
On another hand, the minister, al-Arhabi, held talks with Vice President of the
International Finance Corporation (IFC) Rashad Kaldany.
The talks dealt with the different investment fields which the corporation can
partake in, indicating in this respect to the new investment law draft, currently
brought
before the parliament to approve it, and the features and facilities offered by the
law.
Al-Arhabi praised the level of technical support presented to Yemen by the
corporation and its bodies in this side.
The IFC's official expressed the corporation's readiness to present the needful
technical support for developing the private sector in Yemen.
BA