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IDB to finance Grain Silos with $ 120 mln

IDB to finance Grain Silos with $ 120 mln

[12/April/2009]



SANA'A, April 12 (Saba) - Yemen is to sign in the coming few days $ 120 million agreement with the Islamic Development Bank (IDB) to finance a project of Grain Silos in Salif area of Hodeidah governorate, an official said Sunday.

Upon his arrival from Jeddah where holding talks with the IDB officials, Undersecretary of Ministry of Planning and International Cooperation Abdullah al-Shater said that the Bank would send a delegation to Yemen to evaluate the rural electricity project, to which the IDB would contribute $ 25 million.

The talks also dealt with the bank's contribution to finance the project of professional illiteracy reduction among youth in Yemen.

TD/AF

Saba

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