Arab Today, arab today yemeni donor\s conference in riyadh needs 11 billion
Last Updated : GMT 11:25:35
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Unemployment is greatest threat

Yemeni donor\'s conference in Riyadh needs $11 billion

Arab Today, arab today

Arab Today, arab today Yemeni donor\'s conference in Riyadh needs $11 billion

Yemen's Prime Minister Mohammed Salem walks with Saudi Arabia's Finance Minister Ibrahim al-Assaf
 Sanaa - Ali Rabea

Yemen\'s Prime Minister Mohammed Salem walks with Saudi Arabia\'s Finance Minister Ibrahim al-Assaf  Sanaa - Ali Rabea Yemeni Prime Minister Mohammed Salem Basendwah, left Yemen to head the country\'s delegation at a donors\' conference, in the Saudi capital of Riyadh. Multiple agreements will be signed to support the Yemeni economy. Saudi Arabia will deposit $1 billion in the Central Bank of Yemen, to support the currency and contribute to the establishment of a wind farm.
An economic report by the Yemeni Research Center warned of increased of poverty, due to growing unemployment.
The Prime Minister said he was, \"optimistic in gathering the necessary resources to help Yemen enter the transitional stage.\"
Basendwah said his government will offer Yemen\'s development partners, \"a transitional programme , a medium term programme and information on humanitarian conditions.\"
Basendwah praised the Saudi role in Preparing this conference and previously funding Yemen with $3 billion and $250 million.
Yemen announced its need for $11 billion to solve problems in the Yemeni economy. It can only fund  
$3 billion internally and expects donors to cover the defecit.
An economic report confirmed unemployment is one of the biggest threats to the country politically, economically and socially. The report from The Research Center of Economic and Social Development in Sanaa,  said the unemployment rate is currently 35 percent but has exceeded 50 percent. The youth unemployment rate reached 73.3 percent in 2007

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