President, WB discuss cooperation

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President, WB discuss cooperation

[20/09/2017 07:52]

NY-SABA
President Abdu Rabbu Mansour Hadi discussed with the Vice President of the World Bank Hafez Ghanem different areas of cooperation and the facilitations that Yemen is looking forward to.

The meeting discussed the plights of violence, poverty and epidemics gripping Yemen as a result of the Saleh-Houthi militias' unrelenting insistence on seizing power and wealth.

Hadi hailed the WB for cooperation in the fiend of social welfare and said he is looking forward to have a broader partnership in the reconstruction process.

Ghanem expressed the WB's support to all moves that aim ton stabilize Yemen economically and developmentally.

He said that the bank would be an effective partner in a number of job generating programs including the establishment of a reconstruction fund in cooperation with the donors with a view to achieving stability and peace.

He hailed the Central Bank of Yemen for taking the step of floating the exchange rate of the rial currency against the foreign currencies saying that will have positive impacts for Yemen's economy in the foreseeable future.

Meanwhile, Yemen's Minister of Industry Mohammed al-Maitami said the Yemeni government has prepared a comprehensive Recovery and Reconstruction Pan and has discussed it with its international partners including the World Bank.