Yemen signs two agreements worth $24 million

Yemen signed two agreements with the International Fund for Agricultural Development to offer loans worth $24 million to support agricultural enterprises in Rimah and the southern governorates.

The two agreements were signed by Ahmed Salem, the Yemeni irrigation and agriculture minister, and Fawzi Hamed IFAD's chairman, who is currently visiting Yemen.

Rimah Mountain Enterprise, which participates with almost $12.11 million and the Yemeni government with $5 million aim at improving living conditions through providing services and increasing poor families' income.

The United Nations Media Center in Sanaa said that the enterprise will help more than 48,000 families.

The statement also said that IFAD is participating with $11.3 million in rural development enterprises and in southern goverorates with $38.4 million. It aims at helping rural citizens who were affected by the confiscation of their lands after nationalization decisions in 1970-1971.