Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture One year into Hadis presidency, Yemen is still in search for its Nelson Mandela.  
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL LOCAL INTERVIEW REPORT POLITICS BUSINESS HEALTH YEMEN IN THE NEWS MIDDLE EAST INTERNATIONAL ARCHIVE
LATEST UPDATES Yemen protests Guantanamo :: Presidential adviser reneges media reports President Hadi is seeking an extension of his term :: UNICEF, Yemen needs to do more for children :: The U.S. deploys more troops in Yemen :: PRESS RELEASE: YEMEN - RWB sends observations on Yemen to UN Human Rights Council :: The Houthis escalate movement against Sana'a central government :: Marib makes it case before NDC representatives :: Yemen AIDS program to tackle stigmatization :: Dutch couple goes missing in the capital, officials suspect kidnapping :: Houthis detainees are released ::
BREAKING NEWS
z
LOCAL
Last updated: 06:23:41 PM GMT(+03) Tuesday, 04, September, 2012
 
 

Donors Announce $6.4 Billion in Aid to Yemen

 
*
 Yemen Post Staff

Donor countries and organizations pledged to provide $6.4 billion in aid to Yemen during the transitional period 2012-2014, the Yemeni official agency Saba reported on Tuesday.
Other countries and organizations said they will announce their pledges the Friends of Yemen meeting which will be held on September 27 in New York, the agency said.
Yemen is undergoing the two-year transitional period under the power-transfer deal which was brokered by the GCC countries and backed by the West after the 2011 turmoil.
It is seeking about $11 billion to bridge the financial gap based on the transitional program for stabilization and development 2012-2014 as the country is reeling from the unrest that has deepened its woes.
In May, Friends of Yemen held a meeting in Riyadh and pledged $4.24 billion in aid to Yemen but that will be officially given in the New York meeting later this month.
Prime Minister, Muhammad Salim Basindwa, said the Yemeni government will take special measures to use the external aid including the establishment of an international fund to channel and oversee the spending aid on investments and development.
On the margins of the conference, Yemen and Saudi Arabia signed three accords including one under which the Saudi Fund for Development will deposit $1 billion in the Central Bank of Yemen to stabilize the national currency and help the government cope with economic challenges.
The two other agreements were for giving $26 million from the Saudi kingdom, $20 million to help Yemen build a 60-megawatts power plant in Taiz province and $6 million as contribution to the Yemeni health sector.
At a news conference after the first day of the 4-5 September conference, Saudi Finance Minister Ibrahim Al-Assaf said the pledges should be released soon to help the country overcome all challenges at the moment, according to Saba.


Yemen Post Staff
*
Source: Yemen Post Newspaper
 
 
MORE LOCAL
 
Yemen protests Guantanamo
Presidential adviser reneges media reports President Hadi is seeking an extension of his term
UNICEF, Yemen needs to do more for children
The U.S. deploys more troops in Yemen
PRESS RELEASE: YEMEN - RWB sends observations on Yemen to UN Human Rights Council
The Houthis escalate movement against Sana'a central government
Marib makes it case before NDC representatives
Dutch couple goes missing in the capital, officials suspect kidnapping
Houthis detainees are released
African infiltrators use Yemen as by-pass country, say Saudi Arabia
 
 
Comments
 
Leave a Comment
Comment will be published once it has been approved by our moderators.
Name:
Title:
Comment:

TERMS AND CONDITIONS
Yemen Post may edit comments for length and clarity but will not change the tone of the message. Comments will only be accepted if all fields (including name) are filled correctly and the message isn't abusive, defamatory or offensive. All comments sent may be forwarded for use in the Yemen Post newspaper.
Article Tools
Email this Article Email this article
Print Friendly Version Print
Email this Article Email the Editor
 
Most popular
 Yemen protests Guantanamo
 Presidential adviser reneges media reports President Hadi is seeking an extension of his term
 UNICEF, Yemen needs to do more for children
 The U.S. deploys more troops in Yemen
 PRESS RELEASE: YEMEN - RWB sends observations on Yemen to UN Human Rights Council
 The Houthis escalate movement against Sana'a central government
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?

VOTE  OR SEE POLL RESULTS
 

   
   
   
© Yemen Post. All Rights Reserved 2007- 2013    

 Designed and developed by
  HyperLink