IFC to Push Yemen Microfinance

Thursday, November 4, 2010

DUBAI, Nov 4 (Reuters) – The World Bank is increasingly focusing on microfinance and small business loans in Yemen as the spike in violence this year is making it hard to find viable projects for investment, a senior official told Reuters.

International donors are finding it harder to locate investment projects in the impoverished Arab state, crippling its efforts to diversify its economy away from hydrocarnons, said Raymond Conway, who represents Yemen at the International Finance Corporation (IFC), the World Bank’s investment arm.

Source: Reuters (link opens in a new window)