Arab Today, arab today world bank halts yemen activities over security fears
Last Updated : GMT 16:04:09
Arab Today, arab today
Arab Today, arab today

As country grapples with Huthi militia uprising

World Bank halts Yemen activities over security fears

Arab Today, arab today

Arab Today, arab today World Bank halts Yemen activities over security fears

Yemeni supporters of Huthi movement shout slogans
Washington - Arab Today

The World Bank suspended its activities in Yemen on Thursday, citing a sharp decline in the security situation as the country grapples with a Shiite militia uprising.
All projects financed by the International Development Association, the Bank's arm for the world's poorest countries, and Bank-managed trust funds have been halted, the Washington-based institution said in a statement.
The World Bank said that a review, begun in early February, found that "the situation in Yemen had deteriorated to the degree that the Bank was unable to exercise effective management over its projects."
The Bank, which has pledged more than a billion dollars to develop the impoverished country, said the disbursement of funds had been suspended.
"This decision was based on a significant decline in the ability of Bank staff to communicate and coordinate with government counterparts, and that many project locations have become inaccessible preventing full fiduciary and management oversight."
The Bank's office in Sanaa, the capital, was closed temporarily in mid-February in response to the deterioration in security.
The Bank said it would continue to monitor the situation in Yemen, highlighting that it remained "fully committed" to supporting the country's development needs and would resume its operations there once suitable conditions are reestablished.
The International Monetary Fund, the Bank's sibling institution, which approved a $553 million loan to Yemen last September, said Thursday that it would continue its cooperation with the country while closely monitoring the situation.
The Shiite Huthi militia seized control of Sanaa last month. President Abedrabbo Mansour Hadi escaped from house arrest in the capital last month and resumed power from second city Aden.
Aden, which was the capital of an independent South Yemen before its union with the north in 1990, is largely in the hands of troops and militia loyal to the president.
Source: AFP

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank halts yemen activities over security fears Arab Today, arab today world bank halts yemen activities over security fears

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank halts yemen activities over security fears Arab Today, arab today world bank halts yemen activities over security fears

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday