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Planning Minister Discusses with IFC Strengthening Partnership with Private Sector, Supporting Electricity Sector

[15/04/2026 01:45]

WASHINGTON - SABA
Minister of Planning and International Cooperation, the Governor of Yemen to the World Bank Group, Dr. Afrah al-Zouba discussed Wednesday with the leadership of the International Finance Corporation (IFC) ways to strengthen public-private partnerships and develop investment projects in the electricity and energy sectors.

The meeting took place on the sidelines of the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund.

Dr. al-Zouba reviewed the government’s strategic shift from relief-based efforts toward development-oriented work, emphasizing the importance of enhancing the role of the private sector in development and creating job opportunities for youth.

She noted that the Cabinet has approved the public-private partnership policy and established a specialized unit for this purpose within the Prime Minister’s Office, in addition to directing sector ministries to nominate pilot projects under this framework in preparation for a public-private partnership dialogue.

The Minister of Planning and International Cooperation also affirmed the unity of the internationally recognized Central Bank of Yemen, stressing the importance of maintaining this framework in dealings with international financial institutions in order to preserve economic stability in the Republic of Yemen.

Meanwhile, Minister of Electricity and Energy Eng. Adnan al-Kaf, speaking via video conference, reviewed the current state of the electricity sector, the gap between demand and available generation capacity, and the importance of early coordination with the Ministry of Electricity during all preparatory phases of energy projects to ensure success and achieve mutual benefit.

For their part, the IFC team presented the corporation’s projects in the electricity sector, including solar power generation projects and the development of bankable power purchase agreements to attract independent power producers, in addition to new financing products to support small and medium-sized enterprises.