Japanes Debt Relief Grant Aid [Archives:1999/13/Local News]

March 29 1999

The Government of Japan extended to the Yemeni Government a debt relief grant aid amounting to US $ 1.3 million. Notes to this effect were signed and exchanged on Tuesday, 23rd March, 1999, between the Minister of Planning and Development, Mr. Ahmed Mohammed Sofan, and Mr. Akira Hoshi, Ambassador of Japan in Sana’a.
It is worth mentioning that the total amount of these grants extended in FY 1998 is 3,922,208,000. These loans were used to finance many projects, such as rural water supply projects, Ras Katneeb power station project, the project of construction of the berth of Hodaidah port.