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  Local
SPC approve to extend term of President al-Mashat
[16 August 2018]
FM sends 2 messages to UN general-secretary and to head, members of SC on coalition' crimes
[16 August 2018]
FM meets UNDP's Director for regional affairs
[16 August 2018]
President congratulates the President of South Korea on the day of liberation
[16 August 2018]
Saudi-led coalition hampers more than 10 prisoners exchanges operations
[15 August 2018]
 
  Saudi Aggression War against Yemen
Army spokesman: Army's tactical operation helps to cause human losses among coalition mercenaries
[16 August 2018]
Army launches ballistic missile on Saudi camp of Al-wajeeb forces in Najran
[16 August 2018]
Army shells Saudi army's gatherings, destroys military vehicle of Saudi-led mercenaries in Asir
[16 August 2018]
Army destroys military vehicle carrying Saudi-paid mercenaries in Jawf
[16 August 2018]
Army destroys 2 military vehicles of Saudi-paid mercenaries in Medi
[16 August 2018]
 
  Reports
Report: Army inflicts Saudi-led mercenaries losses in lives, equipments over past 24 hours
[14 August 2018]
11 Civilians killed, 18 others injured in Saudi-led airstrikes over past 24 hours : Report
[14 August 2018]
Dozens of Saudi-backed militiamen killed, injured in Najran, Asir, Jizan: Report
[13 August 2018]
Report: Army launches missile attacks on Saudi-led mercenaries over past 24 hours
[13 August 2018]
Reporter: 15 Saudi-led airstrikes hit several provinces over day
[13 August 2018]
 
  International
Saudi extremist regime commits genocide in Yemen : Slovakian Parliament
[15 August 2018]
Deputy PM, UN official stress doubling efforts to combat cholera
[06 August 2018]
ICRC condemns Saudi airstrikes on Hodeidah hospital
[04 August 2018]
Health minister stresses enhancing cooperation with WHO
[01 August 2018]
Al-Masirah TV reporter injured in Saudi border shelling
[01 August 2018]
  Economy
WB offers $ 90 mln grant to support poor in Yemen
[10/December/2014]

WASHINGTON, Dec.10 (Saba) – The World Bank (WB) approved on Wednesday a $ 90 million grant to prop up the Yemeni government's program aiming to protect the poorest groups.

The grant amount is an urgent support for the government to fund a program of cash transfers provided to over one million poor families through the Social Welfare Fund (SWF), which is the main social security network program in Yemen, according to a statement issued by WB.

In the absence of strong rates of economic growth and job creation, there are still many families struggling to meet the most basic needs of living, the statement pointed out.

The statement elaborated that the transfers will ensure delivering cash assistance to the poorest families during this period, in which the country faces a set of economic difficulties that worsened as a result of the measures taken recently by the government and related to lifting fuel subsidies.

"Yemen spends on fuel subsidies more than it spends on education and health care services together", said Wael Zakout, director of WB office in Yemen.

Reforming the fuel subsidies system will help in reducing the significant deficit in the general budget and directing the fiscal resources to the items that serve the poor interests, Zakout added.

According to the statement, the program is a part of a larger response of donors that has been coordinated to address the economic challenges facing Yemen in the current period. An additional amount of $ 28.47 million was provided by the U.S. in support of the cash transfers program.

"More than half of Yemen's population lives below the poverty line", head of the WB team in charge of the program Lire Ersado said. He added almost a similar number of people suffer from food insecurity and need immediate assistance.

Ersado continue to say "We respond by supporting cash transfers to about 7 million Yemenis, who are most likely to suffer and more than half of whom are women. "

The current WB portfolio in Yemen includes 35 projects with a net fiscal links amounting to US $ 1.1 billion.


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UPDATED ON : Thu, 16 Aug 2018 10:58:55 +0300