The Yemeni government has signed agreements to receive a total of $194mn in aid from the International Fund for Agricultural Development (IFAD) and the Kuwait Fund for Arab Economic Development (KFAED). The grant from IFAD for $112.4mn will help finance a program to improve living conditions for poor Yemenis in rural areas and reduce the level of poverty and unemployment in a number of provinces. The program, which is co-financed by the EU, the Islamic Development Bank and other organizations, is due to start early next year.
Aid from KFAED of $85mn consists of two grants pledged by Kuwait at previous donors’ conferences. The first for $50mn will be used to put in place basic infrastructure, utilities and administrative buildings in 10 provinces, while the second for $35mn will finance the overhauling of an electricity transmission grid in Aden and improve transportation and distribution of power. (CONTINUED - 378 WORDS)