VOL. XLVI

No 6

10-February-2003

YEMEN

World Bank Approves $23Mn Yemen Port Cities Development Program

The World Bank group has approved a loan for $23.4mn with a maturity of 40 years, including a grace period of 10 years, to help finance a project that it hopes will transform the port cities of Aden, Hodaidah and Mukalla into regional centers of economic growth. It will do this by strengthening the local governments strategic, financial and physical planning to make better use of existing...