The World Bank responds to Yemen's request for food security support

English - Tuesday 28 June 2022 الساعة 07:54 pm
Aden, NewsYemen:

 The World Bank announced its response to the Yemeni government's request to support food security and income-producing sectors in the country, including agriculture, fish and services.

The World Bank delegation, which is visiting the capital, Aden, headed by the Executive Director and Dean of the Board of Directors of the World Bank Group, Mirza Hassan, said during a session of talks with the Yemeni government, that "its programs will respond to the priorities presented by the government in terms of food security and income-producing sectors such as agriculture and fish, and the service sector."  According to the Yemeni news agency "Saba".

He added that "it will balance the emergency response and development, in addition to supporting state institutions to restore their role, develop their revenues, and support the resilience of the private sector."

The delegation affirmed, "The World Bank stands with the Yemeni government and people in these exceptional circumstances."

While Prime Minister Maeen Abdul Malik stressed, "the need to strengthen cooperation in parallel with the current global developments, which have imposed additional pressures on the government, especially in the aspect of food security in wheat and basic materials and the high prices of them globally."

He said that "the basic principles are to focus on the issue of economic stability, and to prioritize support for the productive sectors in a way that enables them to recover and contribute to the development of state revenues, strengthening the capabilities of national institutions, monitoring the performance of international organizations implementing Bank projects, and preserving and developing the private sector."

According to the agency, "the possibility of providing facilities from the International Finance Corporation to support Yemen in importing wheat and basic materials and enabling the Yemeni private sector to have quick access to financing wheat purchases in the global market and imports was discussed."