Yemen Promised $220 million World Bank Loan [Archives:1999/48/Local News]
On wednesday, the World Bank pledged $220 million in credit to Yemen if it goes ahead with economic reforms. The World Bank promised $220 million will be spent in different projects in Yemen for 2000.
World Bank Vice President Shengman Zhang, met President Saleh to discuss Yemen’s reform program and its economic and development cooperation. The delegation also evaluated projects being implemented with World Bank funding.
At another level, Yemen launched a tough economic and financial reform program in 1995 under the supervision of the International Monetary Fund (IMF) and the World Bank. Loans are channeled to Yemen through the World Bank.