More aid from the UN [Archives:2003/693/Local News]

December 8 2003

Mohammed bin Sallam
Yemen and the United Nations Development Program (UNDP) have singed two agreements by which the U. N. donates $942,000 to Yemen for its Small Loans Programs to help fight poverty.
The first agreement stipulates that the United Nations Investment Fund (UNIF) provide Yemen with U.S. $800,000 for the purpose of executing the second phase of Small Loans Project complimenting an earlier agreement signed last February.
The second agreement stipulates that the UNDP provide Yemen with $142,000 in support of the Yemeni Government policies in eradicating poverty.
Ahmed Sofan, Deputy Prime Minister, and Minister of Planning and International Cooperation who signed the agreements on behalf of Yemen, declared that a committee would be formed to consider ways to create suitable investment environment that would expedite economic growth, and create new work opportunities.
Oscar Fernando Tracko, General Vice President and Vice Chairman of the Arab Countries Office of the United Nations Program in New York, signed the agreements on behalf of the United Nations.