Yemen signs US$100 mln deal with ADF

SANA'A, July 16 (Saba)- Yemen and the Arab
Development Fund (ADF) have signed a financing agreement worth US$100 million. Under
the agreement,
ADF presents US$100 million for financing the 4th stage of the Social Fund for
Development (SFD). The agreement was signed by Yemeni 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.