[07/May/2012]

SANA'A, May 07 (Saba) - The World Bank (WB) allocates $863 million to support the implementation of development projects in Yemen, the WB executive director for Yemen said Monday.

During the concluding session of Yemen-WB talks held in Sana'a, Mr. Mirza Hassan stressed the need to improve the Yemeni government institutions' capacity for availing well from the foreign aid in the comprehensive development.

Mr. Hassan, who chaired the WB side in the session, called on all regional and international donor countries and organizations to reflect their interests in Yemen via creating financing sources for development projects in Yemen and backing the national reconciliation government to overcome the difficult challenges of the current transitional period.

He stressed the World Bank's keenness to enable Yemen to benefit from the funding, pointing to the need of the Yemeni government and the bank for revising the Yemen's support program, prepared by the bank.

Head of the Yemeni side in the session Minister of Planning and International Cooperation Mohammad al-Sa'adi emphasized the government's seriousness to correct the imbalances and deficiencies in the State's economic performance system.

Al-Sa'adi accented the importance of the WB to play a pivotal role in mobilizing regional and international aid to assist the Yemen to tackle the transition's challenges and revive the Yemeni economy.

AF