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Update

World Bank to support Yemen's economic reform agenda

The World Bank approved the $50 million grant yesterday without disclosing relevant project documents.

According to a World Bank press release, the grant “focuses on two pillars:  (i) increasing non-oil growth with a special focus on improving the investment climate and (ii) strengthening governance and public financial management."

Prior to approval, no documents for the project were made available to the public, in apparent violation of the Bank's disclosure policy.

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Middle East and North Africa Yemen World Bank (IBRD & IDA)

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Last updated 18 July 2008
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