Friday, February 25, 2011

SFD to implement projects worth over $ 1 bln during 2011-2015

SFD to implement projects worth over $ 1 bln during 2011-2015

SANA'A- Feb 25, 2011- The Social Fund for Development (SFD) is intending to implement 6775 projects during 2011-2015 at a total cost of over USD 1.12 billion, contributing to the provision of 48 million new daily temporary jobs.

A report issued by the Fund, which Saba got a copy of it, identified the Fund's targets during the years of the fourth five-year socioeconomic development plan for 2011-2015, including the provision of social basic services for community development in various sectors and the implementation of labor-intensive projects to reduce unemployment.

The targets also included offering small loans to establish small and smaller enterprises contributing in the provision of income-generating and capacity-building job opportunities and deepening popular participation of partners from associations and governmental and non-governmental organizations.

The report confirmed the increase in the net increase in the total projects implemented by the Fund until the end of last year to reach 5,833 projects, covering various sectors at a total cost of USD 755 million.

The percentage of projects implemented, compared with the executive scheme in the total projects, reached 90.28 percent and 98.45 percent consecutively for each of the projects and their cost, the reported indicated.

The report noted that the net increases implemented for the total beneficiaries reached 11.7 million beneficiaries, 53.9 percent of them are female.

In addition, the report pointed out that the Fund implemented and funded over the last year about 128 projects in the area of food security at a total cost of more than USD 15 million, which over 105,860 beneficiaries availed from.

Source: (Saba)

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