AFESD loans Yemen $80 million for road project
The Arab Fund for Economic and Social Development (AFESD) has extended an $80 million loan to the government of Yemen to finance a rural road project.
The loan will finance the construction and maintenance of 1,000 kilometers of roads in Yemen's rural areas, reported Saba.
Established in 1974, AFESD is a multilateral Arab development corporation. Its membership consists of all states that are members of the Arab League. The Fund’s function is to assist the economic and social development of Arab countries through financing development projects, with preference given to overall Arab development and to joint Arab projects. — (menareport.com)
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