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MARRAKECH, April 17 (Saba) - Yemen
and the Arab Fund for Economic and Social Development (AFECD) signed in
Marrakech, Morocco, a financing agreement worth $65 million.
The agreement's amount will be
dedicated to contribute to financing a wind power generation project in Mocha
district with a capacity of 60 MW to enhance the power generation capacities in
Yemen.
The agreement was signed on the
sidelines of the 41 annual meetings of the Arab financial authorities and
agencies by Minister of Planning and International Cooperation Mohammad
al-Sa'adi AFECD Director General and Chairman Abdullatif Al Hamad.
Moreover, the Minister of Planning
and International Cooperation and Kuwait Fund for Economic Development (KFED)
Director General Abdulwahab Al-Bader signed an agreement of the grant of
Kuwaiti Emir Sabah Al-Ahmad Al-Sabah estimated to be $6 million to Yemen.
The Kuwaiti Emir's grant dedicated
to support "the decent life program to help Muslim countries in their
efforts to achieve food security aims to finance small and smaller enterprises
in fields of food production and providing production support services.
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