[20/November/2007]

SANA'A, Nov. 20 (Saba)- Cabinet discussed in its meeting held on Tuesday a report of Ministry of Planning and International Cooperation over level of implementing projects supplied by foreign loans, aid, gifts and donations for the year 2006 and the first half of 2007.

The report shows that during 2006, Yemen has got soft loans for financing development programs and projects with a total value of $ 331 million and funding facilitations worth $ 1.1 billion have been allocated for a number of projects in fields of electricity, roads,agriculture and irrigation and other fields.

The report also pointed out that the total value of the loans Yemen has got during the first half of 2007 estimated at $ 295. 5 million has been allocated to sectors of technical and vocational education, social security, poverty alleviation, constructions, transport, health and agriculture.

It showed that the total value of current loans of different sources is $ 2.902 billion and the used of them are only $1.115 billion.


The cabinet stressed on concerned ministers to have necessary measures for gearing up carrying out hampered projects especially in fields of electricity, public works and roads, environment and water.

MS/AM

Saba