Tuesday, 5 October 2010

Yemen to attend WB and IMF meetings

Source: Yemn's official news agency,Saba, 05/10/2010

SANA’A-Yemen is to take part in the annual meetings of the World Bank Group and the International Monetary Fund (IMF) that take place in Washington, DC on 8-10 October.

Upon his departure to the meetings leading the Yemeni delegation, Deputy Prime Minister for Economic Affairs, Minister of Planning and International Cooperation, Abdul-Karim al-Arhabi, said, at the meetings, issues relating to developmental and investment projects the Bank finances, projects it plans to support in the future in areas such as education, healthcare and roads and the issue of funding vital sectors in Yemen by the International Finance Corporation will be discussed.

Also, the Bank will determine future economic policies for Yemen and assess achievements over the last years; and there will be talks on food security, economic reforms and reducing disaster impacts in the country, he said.

The Yemeni delegation will meet with U.S. officials at the State Department and officials from the Bank, IMF and other international funds including Arab funds to discuss ties between Yemen and each of them in all areas as well as following up what was agreed upon at the 3rd meeting of Yemen's Friends in New York including the establishment of a fund for supporting development in Yemen.

Moreover, Yemen will attend the political forum on the development committee which will be organized by the Bank. It will deliver a speech on behalf of the region countries that will underline the importance of the WB support to the least developed countries in the Arab World facing major challenges in the fields of education, healthcare and infrastructure, he said.

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