The World Bank (WB) has announced it is to deliver on its commitment to Yemen by putting up a total of $206mn as a first installment from a pledge at last year’s donor conference to provide an additional $400mn in support for the Arab world’s poorest nation. The funds will be channeled towards three projects that are part of an ongoing program to aid both Yemen’s reconstruction effort and transition process.
“We are moving fast to deliver on our promises,” WB Regional Vice President for the Middle East and North Africa (MENA) Inger Andersen said. “We are confident our international partners will match our speed and urgency, as the political process will not be sustainable unless the people of Yemen see a difference in their lives and livelihoods,” he continued. (CONTINUED - 454 WORDS)