Yemen

IMF Executive Board Approves US$ 369.8 Million Extended Credit Facility Arrangement for Yemen

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Press Release No. 10/306

August 2, 2010 - The Executive Board of the International Monetary Fund (IMF) approved on July 30, 2010 a three-year Extended Credit Facility Arrangement for the Republic of Yemen in the amount of SDR 243.5 million (about US$ 369.8 million) in support of the country’s economic reform program. An initial disbursement equivalent to SDR 34.79 million (US$ 52.8 million) is available to the Yemeni authorities immediately, with subsequent disbursements subject to semi-annual reviews. The goal of the authorities’ economic program is to achieve high and sustained growth and reduce poverty.

Following the Executive Board’s decision, Mr. Naoyuki Shinohara, Deputy Managing Director and Acting Chair, issued the following statement:

UN warns that aid operations in northern Yemen remain drastically under-funded

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22 July 2010 – The United Nations is expressing concern about the humanitarian situation in northern Yemen, where the needs of the local population displaced by ongoing fighting vastly outstrip the funds provided so far by donors.

Less than $70 million, or 36 per cent, of the $187 million sought this year by aid agencies for assistance in Yemen has been received, the UN Office for the Coordination of Humanitarian Affairs (OCHA) reported today.

UN agencies and non-governmental organizations (NGOs) have been providing relief to civilians in Yemen’s north, where Government forces have engaged rebels in sporadic armed conflict in recent years.

IFAD extends US$12.9 million grant to help create jobs for poor rural people in Yemen

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Rome, 23 June 2010 – A new US$38.6 million IFAD-supported project will help create jobs and income-generating activities to reduce rural poverty in Yemen. The Economic Opportunities Programme will develop value chains for three high-value agricultural commodities, namely coffee, honey and horticulture products. The programme, which covers the entire country, will focus initially on the governorates of Amran, Sana’a, Al-Hudaydah, Taiz, Dhamar, Ibb, Lahj and Abyan. Some 14,000 smallholder and landless households will benefit from the project.

Yemen: $10 Million Grant to Support the Social Welfare Fund

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Press Release No:2010/491/MENA

WASHINGTON, June 17, 2010 – The World Bank’s Board of Executive Directors today approved a grant from the International Development Association (IDA), in the amount of $ 10 million, to develop and implement a new poverty-based targeting policy and strengthen Yemen’s Social Welfare Fund’s (SWF) administration and management of its Cash Transfer program, which reaches almost 1 million poor and vulnerable Yemeni households.

Workfare Helps Yemen Cope With Food Crisis

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June 15, 2010—High in the hills of rural Yemen, Ghaleb Ahmed sat his young daughter on his knee and prepared to eat lunch. He was taking a break from his job building a new rock and cement road in the village of Hababa—one of many places in the country where jobs are scarce and people struggle to put food on the table.

Now, that struggle would be a less difficult, at least for a while.

“The village was in need of a road, and when the project came we got a road and we also got money for building it. So, we are able now to buy household basics like flour,” Ahmed said in December.

The project was among several in the country designed to help poor communities cope with higher food prices by employing large numbers of people to build or repair local infrastructure.

“Win-Win Strategy” for Yemen’s Agro-Biodiversity and Climate Adaptation

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Press Release No:2010/438/MENA

WASHINGTON, May 27, 2010 – The Agro-biodiversity and Climate Adaptation project will be implemented in Yemen with over US$5.0 million extending over four years, including a US$4.0 million grant from the Global Environment Facility (GEF), which will be administered by the World Bank.

The project aims to enhance capacity and awareness at key national agencies and at local levels, to respond to climate variability and change and to better equip local communities to cope with climate change through the conservation and use of agro-biodiversity.

Lack of funding undermining agencies’ efforts to aid conflict-hit Yemenis

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27 May 2010 – United Nations humanitarian agencies and their partners are striving to continue providing assistance to more than 320,000 internally displaced persons (IDPs) in conflict-affected areas of Yemen despite limited funding and access difficulties due to insecurity, a UN office reported today.

Overall there are an estimated 342,000 people, including the IDPs, in need of relief in the five provinces or governorates hit by armed conflict in the country, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said.

World Bank Supports Peoples’ Livelihoods in Three Major Yemeni Cities

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Press Release No:2010/430/MENA

WASHINGTON, May 25, 2010 – The World Bank is providing a total funding of US$ 35 million for the Second Port Cities Development project in to accelerate economic growth and foster human and social development in three port cities in Yemen.

Yemen’s economy is located in urban areas that are home to about 6.7 million people. Almost one fifth of this urban population lives below the poverty line, with over half of them without access to basic urban services living in informal settlements. Thus, Yemen’s rapid rate of urbanization is an enormous opportunity for growth and faster poverty reduction.

Without new funding UN will run out of food for nearly 500,000 hungry Yemenis

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4 May 2010 – The United Nations food aid agency today appealed to donors to make up for a massive shortfall in funding for Yemen, where it has already been forced to halve rations for hundreds of thousands of hungry people and faces the prospect of a virtually complete depletion of stocks by August.

UN World Food Programme (WFP) staff are seeing one-year-old infants arriving in food centres with the weight and height of newborns, spokesperson Emilia Casella told a news briefing in Geneva, stressing that currently the agency is only able to reach some 476,000 Yemenis, about 14 per cent of the 3.4 million in need of food aid, and now only with half-rations.

Funding crisis forces UN agency to cut food rations for conflict-affected Yemenis

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28 April 2010 – The United Nations food agency will be forced to cut rations for tens of thousands of people affected by the conflict in north-western Yemen starting this Saturday because stocks have dwindled as a result of limited funding.

The UN World Food Programmed (WFP) reported today that it is facing a shortfall of nearly 70 per cent on its 2010 budget requirements for relief work in the conflict-affected Yemeni governorate of Sa’ada, meaning that $24 million is still needed to sustain the operation.

The decision to cut rations by half was made in consultation with the Yemeni Government and is the only way to ensure that available food stocks last until the end of August.

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