The grant is part of the WB contribution to the project that costs $ 15 million, $ 12 million out of which provided by the bank and the rest from the government.The project due to be started in the third quarter of 2010 is aimed at improving mechanisms and tools of preparing the public budget, fund control and supervision mechanisms and the accounting system.The deal was singed by deputy prime minister for Economic Affairs, who is minister of Planning and International Cooperation, Abdul Karim al-Arhabi and Finance minister Noman al-Suhaibi and the WB's country director Benson Ateng.After the signing, al-Arhabi said the finance modernization project is one of the top government's priorities, pointing to improvements in the financial system including boosting transparency and the ministry's performance.He also appreciated the WB support for Yemen to carry out comprehensive administrate and financial reforms.