Financial and Banking News

AID FL0WS

IDA Lends $10mn to North Yemen 

The International Development Association (IDA), the concessionary lending agency of the World Bank, has agreed to lend North Yemen SDR9mn ($10mn) to part-finance a farm development project in North Yemen. The $47mn project will introduce farmers to modern farming methods and better ways of managing irrigation, while agricultural institutions participating in this development scheme will be strengthened. Besides the...