Planning Minister, IFC discuss encouraging investment in infrastructure

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Planning Minister, IFC discuss encouraging investment in infrastructure

[10/06/2023 03:34]

Washington - Saba
Minister of Planning and International Cooperation, Dr. Waed Bathib, discussed today in the US capital, Washington, with the Regional Vice President of the International Finance Corporation (IFC) Hala Sheikh, efforts to encourage investment in infrastructure projects and private sector development.

Minister Bathib stressed the importance of the private sector and its vital role in reviving the economic situation in Yemen, pointing to the need to obtain the assistance of the International Finance Corporation in financing projects that contribute to enhancing the flexibility and resilience of the private sector, and the importance of strengthening partnerships between the public and private sectors and supporting Yemeni companies through direct investments, equity financing, and technical assistance, helping them expand their operations and improve competitiveness.

He expressed the government's aspiration for coordination and joint cooperation with the regional office of the IFC to prepare a roadmap to attract more investment capital from international sources, including institutional investors, to increase the funds available for investment in Yemen, and to coordinate with other development financing institutions, multilateral organizations and local stakeholders to benefit from their expertise, resources and networks in order to expand investment opportunities.