Yemen gets US $11 million from Japan [Archives:2003/629/Local News]

SANA'A – Grants totalling US $11 million have been given to Yemen from Japan.
The deals were signed at Yemen's Ministry of Planning and Development office by Hisham Sharaf Abdulla, Deputy Minister of Planning and Development for International Cooperation and Masamitsu Oki, ambassador of Japan to Yemen.
A press release by the Japanese embassy in Sana'a said the first agreement concerns a non-project grant Aid of US $8.3 million.
This grant, which is the fifth if its kind extended to Yemen, is to promote the economic structural efforts of Yemen's government.
The two governments agreed to allocate a portion of the grant to support solid waste management projects in a number of governorates. The balance will go to other development projects.
Japan has extended in the past four similar grants for the same purposes totalling US $50 million.
The other two agreements concern 4th and 5th installments of Japanese debt relief grants. These two new grants amount up to U.S. $2.9 million based on the resolution of the Trade &Development Board of the United Nations Conference on Trade & Development.
It's geared to give debt relief to countries which have been facing serious difficulties in servicing their debts.
Such grants are to be used, in consultation with the government of Japan, to purchase products that contribute to the development of Yemen's economy and people.
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