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$65 mln loan agreements with IDB ratified

$65 mln loan agreements with IDB ratified

[07/April/2014]



SANAA, April 07 (Saba) - President Abd Rabbo Mansour Hadi issued on Monday laws No. (16 and 17) for 2014 ratifying two loan agreements with Islamic Development Bank (IDB).

The first agreement signed 25 July 2013 showed that the IDB lends Yemen $15 million to contribute to financing the rural development project in Yemen.

Under the second agreement signed 7 march 2013, the Bank gives Yemen a loan of $50 million to contribute to financing the youth employment project via labor intensive public works project.

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