IslamicFinance.de

Last week, the Chairman of the IDB Group, Dr. Ahmad Mohamed Ali, signed a US$ 50 million agreement with Dr. Mohammed Saeed Al-Sa’adi, Yemeni Minister of Planning and International Cooperation and IDB Governor for Yemen. The agreement aims to provide economic empowerment to the needy Yemeni youth and families by contributing to capacity building and providing them with production inputs for job creation in various fields such as construction of rural roads, coffee cultivation etc. The financing arrangement is expected to pay great attention to employment of less-privileged females as well as the youth who will be employed in these projects. The agreement comes within the framework of the US$ 250 million Youth Employment Support (YES) Program launched by the IDB in 2011.