Source: Yemeni Prime Minister’s Office
On Monday, Prime Minister Dr. Ahmed Awad bin Mubarak received a delegation from the International Finance Corporation (IFC), led by the Regional Vice President for the Middle East and North Africa, Hala Abed, who is currently visiting the temporary capital, Aden.
The meeting reviewed the existing areas and prospects of cooperation between Yemen and the IFC, which is one of the institutions of the World Bank, and the future plans for implementing projects in light of emerging priorities, as well as assistance in providing a conducive environment for the growth of the private sector in several vital sectors, particularly electricity, transportation, and fisheries.
At the beginning of the meeting, the Prime Minister welcomed the delegation from the IFC and the World Bank, expressing gratitude for their support to Yemen, highlighting their role as essential partners in humanitarian, economic, and developmental aspects, and emphasizing the importance of seeking new avenues for partnership in development fields.
Dr. Ahmed Awad bin Mubarak discussed the reforms being implemented by the government despite the current complexities in the state’s public finances due to recent developments. He expressed the government’s aspiration for further support mechanisms from the IFC and Yemen’s development partners to assist in its efforts to continue reforms and alleviate the humanitarian suffering of citizens as a result of the war ignited by the Houthi terrorist militia.
The Prime Minister stressed the importance of the optimal use of international aid and its redirection in line with urgent priorities, aiming to achieve economic stability as a foundation for peace in Yemen. He reiterated the government’s readiness to develop the scope of cooperation and partnership with the IFC, including financing projects that contribute to enhancing the resilience of the private sector and strengthening partnerships in this regard.
For their part, the IFC delegation expressed their desire to expand the scope of the corporation’s work in Yemen, according to a comprehensive vision and to create an investment environment that encourages the private sector, pointing to the corporation’s areas of work and future plans in Yemen in coordination with the government.
