International donors pledge $ 6.396 billion for Yemen
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  • Reports noted that International donors pledged $ 6.396 billion in a conference in Riyadh on September 4, 2012, in cumulative aid to Yemen to help the country rebuild after it has been hit by internal political unrest and terrorism. The new figure is up from US$ 4 billion pledged to Yemen at a meeting of the Friends of Yemen in May this year. Saudi Arabia alone had promised US$ 3.25 billion of the US$ 4 billion raised in May. Inger Andersen, the World Bank’s Vice President for the Middle East and North Africa announced that the World Bank gave “a grant of US$ 400 million on top of existing US$ 700 million, of which US$ 200 million have been dispersed.” Among others, the USA has pledged a total of US$ 846 million, the Arab Development Fund US$ 510 million and the Arab Monetary Fund US$ 380 million. Similarly, the EU has pledged US$ 214 million, while the UK has promised US$ 311 million, Germany US$ 158 million and the Netherlands US$ 100 million. Yemen’s Planning and International Cooperation Minister Mohammed Al-Saadi told the donors meeting that the country needs almost $ 12 billion in the short term. 1

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