World Bank suspends Yemen projects

An official said The UN's World Bank has indefinitely suspended funding for development projects in Yemen amid increasingly unstable conditions in the country

World Bank suspends Yemen projects

World Bulletin / News Desk 

A World Bank official in Yemen said "As of Thursday, the World Bank will suspend funding projects in Yemen due to the dangerous political and security situation"

Yemen's political situation has deteriorated markedly since the powerful Shiite Houthi group took over government institutions in capital Sanaa last month.

The takeover prompted embattled President Abd Rabbuh Mansour Hadi to declare a temporary capital in the southern city of Aden, from which he hopes to reinstate his administration.

The World Bank recently pledged $400 million to support three new development projects in Yemen.

The fractious country has been roiled by chaos since last September, when the Houthis took over Sanaa, from which they have sought to extend their control to other parts of the country.

Güncelleme Tarihi: 12 Mart 2015, 14:11