|Home > Local News|
|WFP To Provide $ 24 Million In Aid To Ease Hikes In Food Prices|
Article Date: January 26, 2009
The World Food
Program will allocate $ 24 million in aid for Yemen to ease the impacts
of the hike in the prices of foodstuffs, UN Assistant Secretary General,
Deputy Executive Director of the World Food Program John Powel said.
The announcement was made on Monday at meeting with President Ali Abdullah Saleh.
The meeting dealt with aspects of cooperation between Yemen and the WFP in the human and development areas.
Bowel brought up the international developments which caused the current global financial turmoil and their repercussions on the prices of foodstuffs worldwide.
Bowel also said the WFP will provide school nutrition, hailing the government efforts in development and reducing poverty.
On the other hand, the International Financial Corporation and the British International Development Ministry have announced the launch of a three-year program aiming at improving the business climate and reduction poverty in Yemen.
The program is also designed to develop the private sector in a poorest world country through providing funds to macro-enterprises and building up the capacity of banks in Yemen.
The program would be implemented by the IFC, the Yemeni government and the World Bank.Furthermore, the entrepreneurs will be trained particularly women with the IFC program of the Business Edge.