The World Bank Endorsed $220 Million [Archives:1999/49/Local News]

The World bank announced in Sana’a that it has endorsed $220 million as an aid for Yemen for the year 2000 with an increase of 100% compared to the previous year. It is reported that the bank has conducted this step after the Yemeni officials expressed their commitment to follow the economic reform programs and the bank instructions.
Bank officials are very satisfied over the investigation results conducted last week with the government, informed political sources said. The Yemeni government committed itself to have a new increase on oil products, imposing new taxes which will lead to increasing the prices of food supplies in the first quarter of the year 2000, same sources said.
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