Roundtable recommends alternatives to oil [Archives:2005/833/Local News]

April 14 2005

The conference of a roundtable on development, work and social advancement in Yemen recommended on Sunday April 10 the necessity of an economic policy to focus on diversifying the economic resources and non-oil revenues through the good exploitation of promising sectors such as fisheries, tourism and agriculture.

The conference, which was organized by the World Bank and the ministry of planning and international cooperation, advised the Yemeni government to attract foreign investments, increase the volume of trade and exports and encourage women to work harder, and get economic projects.

The recommendations of the conference included the specification of job titles, endorsing the efficiency standard and increasing the payments of employees as well as fighting corruption.

The recommendations also urged for supporting the Couta system and the social awareness about plans, programs and budgets as well as encouraging women to pursue work in the agricultural sector.

Members at the conference called for removing barriers that hinder investment, and activating the partnership between the Government and the private sector.

They also demanded the development of the banking sector and enhancing its role, as well as establishing effective security exchanges.