[Economics] The World Bank gives Yemen $207 million in aid

[Guest High King Eslam]

On Monday, the World Bank announced the provision of $207 million in aid to Yemen to finance a program to combat food insecurity in the country, which has been witnessing an armed conflict since 2014.

This new funding, which will be spent in three phases in order to “reduce the risk of delays in meeting needs,” will specifically target “areas with high levels of food insecurity and malnutrition for better impact,” the World Bank said in a statement.

The statement quoted the bank's regional director, Tanya Meyer, as saying, "This additional financing reflects the World Bank's commitment to improving the lives of Yemenis caught in the midst of multiple crises, ranging from war to food crises and climate emergencies."

Since 2016, the World Bank has provided more than $3.5 billion in aid to Yemen, in addition to technical assistance to support existing UN agencies and local institutions.

The program to combat food insecurity supports 1.42 million families, according to the World Bank, which confirms that the needs are very great, with 21.6 million people waiting for food assistance in 2023, including 19 million people who face difficulties in obtaining food, which sometimes reach “levels of disastrous.”

Since 2014, Yemen has witnessed a bloody conflict between forces loyal to the internationally recognized government and the Houthi rebels. The conflict escalated with the intervention of Saudi Arabia at the head of a military coalition in March 2015 to halt the Houthis' advance after they took control of the capital, Sana'a.

Since then, the conflict has killed tens of thousands of Yemenis and caused a humanitarian crisis that the United Nations described as the worst in the world, with the displacement of millions of people.

Source: France 24

https://www.i3lam-al3arab.com/البنك-الدولي-يمنح-اليمن-مساعدات-بقيمة-20/