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WB official expects 4-5% economic growth in Yemen in 2013

WB official expects 4-5% economic growth in Yemen in 2013

[10/April/2013]



SANA'A, April 10 (Saba) - Yemen's economy is expected to achieve a growth between 4 – 5% this year, the World Bank (WB) Country Director in Yemen Wael Zakout said on Wednesday.

Zakout made his expectation in an official talk session held today between Yemen and WB, which was co-chaired by Minister of Planning and International Cooperation Mohammed al-Sa'adi and WB Vice President of Human Resource Sean McGrath.

Yemen can export many of its successful experiences not only to the Arab region but also for the world, he said.

The WB Vice President said that the Bank intends to assist Yemen in improving the human development capabilities and capacity building.

McGrath said that the WB is keen for its interventions in Yemen to be effective and contribute effectively in supporting the stability and development of the country.

Yemen managed to make a pioneer model in how to make peaceful political transitions, he said.

Al-Sa'adi said that Yemen has passed the stage of risks to the stage of difficulties, which is required from Yemen's donor friends to help overcome the challenges of the current difficult transitional phase.

Yemen has potential human resources and strategic geographical location and needs to build and develop its human resources' capacities to achieve the desired progress, he added.

He hailed the important role the WB has played to mobilize the regional and international support to help overcome the extraordinary situation Yemen has experienced since 2011.

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