World Bank President to visit Yemen [Archives:2005/815/Local News]

February 10 2005

A World Bank team is going to visit Yemen on February 13, 2005. The team, headed by WB President, Mr. James D. Wolfensohn, will visit Yemen on an official three-day visit.

The team will hold discussions with the government on key development challenges facing the country including poverty alleviation, governance water resource management and overall economic reforms. During his visit, the WB President will meet with high-ranking government officials and donors to discuss Yemen's development needs and strengthen World Bank-government cooperation. He will also meet with civil society groups including NGOs, youth, Parliamentarians and Consultative Council Members and the private sector to exchange views on the development process in Yemen. Mr. Wolfensohn will also visit project sites outside Sana'a as well as historic sites in the country. .

The World Bank has been active in Yemen since 1971. Its current portfolio includes more than twenty active projects in the areas of health, education, water resource management, upgrading of infrastructure and public sector reform. The projects are financed by the International Development Agency – an arm of the World Bank Group, which provides interest-free development assistance to the poorest countries.

The World Bank's Country Assistance Strategy for Yemen During the 2003-205 period aims to fight poverty in a number of ways: generating jobs by creating an attractive investment climate and improving service delivery to the poor by promoting good governance.