President approves four loan agreements

SANA’A, June 4 (Saba)- President Ali Abdullah Saleh issued laws No. 10, 11, 12 and 13 for 2004 approving four loan agreements. The law No. 10 approved loan agreement inked between Yemen and Saudi Fund for Development at SR 140 million( $ 37), to finance project of main roads. The law No. 11 approved loan agreement signed between Yemeni government and the International Development Agency at sum over 31 million units ($ 45 million) to carry out some of the public works projects. The law No. 12 approved another loan agreement signed between Yemen and OPEC Fund for International Development at $ 13 million to finance the third stage of the project of Social Fund for Development. The law No.13 approved loan agreement inked between Yemen and International Development Agency at 41 million units (60 million dollar) to fund the third stage of the project of Social Fund for Development. AH/NSSABA