By Andrei Skvarsky.
The Islamic Development Bank Group (IDB) has pledged $100m as part of a global relief effort for Yemen to help it deal with a crisis caused by a five-year civil war and thwart the spread of Covid-19, which spells disaster for a country where half the population has no access to clean water.
The IDB would release the sum over the next four years, the multilateral bank’s president, Bandar Hajjar, said during an online international pledging conference.
A $36.6m share of the amount is going to be spent on anti-coronavirus measures, Hajjar told the event, which was co-hosted by the United Nations and the Saudi government.
The BBC said the conference had resulted in pledges to a total of $1.35bn but that this was $1bn short of what was needed to prevent what the UN humanitarian coordinator in Yemen, Lise Grande, called “catastrophic cutbacks” to current UN relief operations in Yemen.
The IDB’s shareholders are the 57 member states of the Organisation of Islamic Cooperation (OIC), which include Yemen. The lender is based in Jeddah, Saudi Arabia.
Sorry, comments are closed for this post.