Business

$ 50 million dollars to finance projects of the Social Fund

By YN staff

Yemen has signed an agreement at the World Bank headquarters in Washington that will conclude formal negotiations for the projects of Social Funding and Development that will comprise $50 million. Undersecretary of the Ministry of Planning and International Cooperation Omar Abdel Ghazaz signed the final agreements at the bank Mira Hang.

The agreement includes infrastructure projects for poor communities, in the fields of education, water, roads, health, and agriculture. It aims to promote economic opportunities in Yemen.

Ghazaz explained that the agreement will also improve social services such as water sanitation, finance, rural markets, and kindergarten programs.

The total cost of the projects after six agreements go into action will be about $173 million.