WB reapproves US$ 50mln for Yemen's power
The Source: SANA'A\Hadhramaut\Saba - Tuesday -30/Dec./2014
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The Word Bank (WB) endorsed again the US$ 50 million soft loan was allocated to carry out developmental projects at electricity sector in Yemen, a minister has said. The loan has been canceled by the WB because of some mistakes occurred by the Yemeni side, Minister of Planning and International Cooperation Mohammad al-Maitami said.
The Bank has reapproved the loan within 24 hours, after the government had fulfilled the loan agreement's terms.
The German government also reactivated the grant of water and sanitation project for the city of Shahr, which was completely halted because of the security situation in the city, al- Maitami added.
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