Financial and Banking News
IDA Lends South Yemen $5.6 for Water Project
The International Development Association (IDA), the World Bank's affiliatefor concessionary lending, has agreed to lend South Yemen $5.6mn to part-financethe second Aden water supply project. The total cost of the project is $32.2mn,with AFESD and KFAED providing $12.35mn, the Danish International DevelopmentAgency $10mn, and the South Yemeni Government $4.25mn. Completion is expected...