AESDF grants Yemen $50 million [Archives:2005/835/Local News]

April 21 2005

SANA'A- April 17. A loan agreement was signed on Sunday between the Yemeni Ministry of Planning and International Cooperation and the Arab Economic and Social Development Fund (AESDF).

Under the agreement the AESDF will grant Yemen $50 million to contribute to funding the third phase of the project of the Social Fund for Development.

The money will be used for funding service and development projects in different economic and social sectors, particularly small enterprises implemented by the Social Fund for Development.