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- Operations
- Social Fund For Development Project (Phase III)
Social Fund For Development Project (Phase III)
Yemen
| Borrower | Yemen |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Multisectoral |
| Approved | 02.12.2003 |
| Signed | 04.02.2004 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Social Fund for Development |
| Co-financiers | Government, Beneficiaries |
| OPEC Fund Contribution (US$m) | 13.00 |
| Total Project Cost (US$m) | 15.20 |
Established in 1997, the Social Fund for Development (SFD) is mandated to raise incomes and improve living standards among the poorer segments of Yemen’s population.
The SFD is embarking on the third phase of its operations in 20 governorates throughout Yemen. Focus will remain on sub-projects in the areas of education, water supply and environment, health and social protection and rural/feeder roads. As well as the construction/rehabilitation of infrastructure, institutional-strengthening and capacity-building measures will be implemented across all sectors. In addition, a social protection component will target special needs groups.