WB to consider mechanisms on unified channels for aid delivery

Yemen Welcomes International Recognition of Palestinian State

The Republic of Yemen has welcomed the announcement by Canada, Australia, Portugal, and Malta of their intention to recognize the State of Palestine. In a statement, the Yemeni Foreign Ministry expressed appreciation for this significant international development, viewing it as a historic milestone and an important step towards ending a conflict that has lasted for over half a century.

Bulgaria Launches First Innovation Centre for Internal Security

Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.

GDP grows 0.1 percent in Eurozone

The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/08/01 Time 07:24:33
Latest News:

PM orders well preparations for International Conference on Food Security in Yemen

Yemeni Minister Discusses Water and Environment Projects with UNDP

Deputy Planning Minister Discusses Development Support with UN Advisor

Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services

Parliament Speaker participates in conference for parliamentary leaders

WB to consider mechanisms on unified channels for aid delivery

[23/10/2020 03:15]

WASHINGTON-SABA
The Executive Director to the World Bank group Merza Hasan has indicated that the World Bank’s team is working to hold a number of technical meetings to come up with an applicable mechanism for unifying the channels of international aid delivery to Yemen through the country’s central bank in Aden and in Yemeni currency, Riyal.

Hasan made the remarks during a video conference with Yemen’s Minister of Planning and International Cooperation Najib Al-Awj. The WB will consider the mechanism in response to the demand of the Yemeni government.

On his part, the Yemeni ambassador in Washington noted that importance should be attached to the strategic goal of the social protection and cash transfer project, a goal which will materialize only by supporting the central bank in Aden to contribute to stabilizing the Riyal and unify the national monetary policy, given that this bank is the sole institution found compliant with the IMF criteria.