[06/02/2023 12:25]
Mukalla – Saba
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.
"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.
He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.
Health Minister discusses with WHO emergency operations project
Planning Minister seeks Japanese's support for infrastructure of services
Yemen participates in the 7th China-Arab States Expo
Leadership Council Chairman Sounds Alarm on Iranian Arms Transfers to Houthis
Cabinet Discusses Recent Developments, Government Performance, and Disaster Response Efforts
Prime Minister Meets with Dutch Ambassador to Discuss Cooperation and Development
Yemeni Ambassador Discusses Cultural and Educational Cooperation with Omani Official
Minister of Health Discusses Enhanced Cooperation with Dutch Embassy Team
Leadership Council member al-Zubaidi reviews humanitarian situation in Al Bayda Governorate.
Interior Minister confers with the Somalis Ambassador over security cooperation