VOL. XLIII

No. 47

20-November-2000

YEMEN

World Bank Approves $56Mn Facility For Yemen

The World Bank announced on 17 October that it had approved a $56mn loan to Yemen for the countrys Basic Education Expansion Project. The International Development Association facility carries a 40-year tenor, a 10-year grace period and a 0.75% service charge. The Yemeni Government will also contribute a total of $4.8mn to the project and local communities will add a further $1.8mn, the Bank said in a statement....