WB says to raise Yemen aid to $ 200 mn

SANA'A, Nov. 09 (Saba) - The World Bank
intends to raise its aid for Yemen from $ 120 million to 200 million, Vice President
of the
WB for the MENA region Shamsahd Akhtar said on Sunday. Meeting Prime Minister Ali
Muhammad Mujawar on her current visit to the country, Akhtar said the bank is keen
on forging
its partnership with Yemen through helping boost development and comprehensive
economic, financial and administrative reforms. The Sana'a meeting attended by
Deputy Prime
Minister for Economic Affairs and Minister of Planning and International Cooperation
addressed the WB support for developmental projects in Yemen as well as major
obstacles
facing Yemen's economy in the present time, particularly those triggered by the
global slump. Measures taken by the government to deal with the repercussions of the
crisis
specifically on the state budget were raised as well. Mujawar reviewed efforts made
to diversify resources to finance the budget and rationalize spending including
those
reducing oil subsidies through establishing gas power plants instead of the
traditional stations. FR