Cabinet approves Yemen share in Kuwaiti Emir development initiative
The Source: sabanews.net - 11/08/2009
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Cabinet approved in its weekly meeting on Tuesday a memorandum of Ministries of Trade and Industry and Finance concerning the Yemen's share in the $ 2 billion Development Initiative of Kuwaiti Emir approved in the last Arab summit held in Doha, Qatar The initiative aims to provide the fund resources to finance the private sector's small and medium sized enterprises.The meeting chaired by Deputy Premier for Defense and Security Affaires Rashad al-Alimi directed Finance Minister to take the requisite actions to make the sum of $ 5 million announced by President Saleh available in the budget of 2010 to be paid to the Arab Fund for Economic and Social Development (AFESD).AFESD will manage the initiative via standards and machineries would be agreed on by the contributing countries to guarantee its continuance and realize the desired goals
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