European Commission Allocates YR 385,619,000 to Five Food Security Projects [Archives:2001/50/Business & Economy]
According to Rainer J. Schierhorst, Head of the European Commission Office in Sanaa, the European Commission allocated this week an additional amount of YR 385,619,000 to five projects under the governments Food Security Program, implemented under the guidance of the Ministry of Planning and Development.
Within this framework, the EC has provided the Republic of Yemen with direct financial assistance since 1996. For the last three budget years, the government of Yemen has received an average of some 11 million euro per year in the form of budget support. The equivalent in local currency has been earmarked for rural and social projects which are included in the public investment program. These projects must be relevant to food security, and have so far included small dams, spate irrigation infrastructure (weir and diversion canals), water supply projects, and more recently rural feeder roads and infrastructure for family centers.
The following are benefiting from the current transfer: Small Dams Project, Fourth Fisheries Development Project, Fifth Tihama Development Project, the Eastern Development Authority in Marib and the Rural Development Authority in Shabwa.
As these investments are included in the governments budget and are implemented through existing structures, it is expected to realize a high degree of ownership, concluded Mr. Schierhorst.