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- Social Fund for Development Project
Social Fund for Development Project
Yemen
Borrower | Yemen |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Multisectoral |
Approved | 09.09.1997 |
Signed | 27.05.1998 |
Status | Completed |
Loan Administrator | IDA |
Executing Agency | SFD |
Co-financiers | AFESD, IDA, EU, Holland, Beneficiaries, Government |
OPEC Fund Contribution (US$m) | 6.00 |
Total Project Cost (US$m) | 80.00 |
This loan helped support the recently established SFD, which was mandated to raise incomes and improve living standards among the poorest segments of Yemen's population. A nationwide project was implemented, composing of three main components: community development (designed to upgrade basic infrastructure and meanwhile provide temporary employment); small- and micro-enterprise development (delivering technical assistance, training and improved access to credit facilities); and capacity building (involving helping local NGOs, community groups and contractors identify and implement sub-projects).