Yemen, ADF sign $100 mln agreement

SANA'A, July 14 (Saba) - Yemen and Arab
Development Fund (ADF) signed on Wednesday initially a financing agreement of $100
million.
Under the agreement, ADF presents KD 30 million ($100 million) for financing the
4th stage of the Social Fund for Development (SFD).
The agreement was signed by Minister of Planning and International Cooperation and
SFD Executive Director Abdul-Karim al-Arhabi and the ADF Legal Advisor al-Fateh
al-Shatheli.
After signing the agreement, al-Arhabi valued the ADF continuous assistance to
enhance development in Yemen, saying that the ADF is one of the Yemen's best
partners in development
sector.
Al-Shatheli asserted the fund's readiness to present all kind of aid to Yemen's
development, hailing the level of cooperation between Yemen and ADF.
AF/AF