Newsletter-2013-Q4 0.977 MB
SOCIAL FUND FOR DEVELOPMENT 16 pages Newsletter – Edition No. 64, October– December 2013 EDITORIAL SFD’s BoD Holds a Meeting Reading the sectoral distribution The Board of Directors (BoD) of the Social Fund for Development (SFD) held of SFD’s 2013 investments a meeting on November 25, 2013 headed by Mohammed Salem Basendwah, Prime Minister and BoD Chairman. The meeting discussed SFD’s draft budget (commitments), one finds that the for 2014 financial year, which amounts to 36.6 billion Yemeni Riyals (equivalent annual share of each of the Cash-for- to $170.4 million)––increasing by 9% compared to 2013 budget. Work (CfW) Program and water has The draft budget is expected to finance the implementation of 1,391 projects nationwide distributed among the sectors of education, water and environment, been steadily increasing since 2011. health, roads, training and institutional support, microfinance, special-need For instance, while the share of SFD’s groups, labor-intensive works program, agriculture & the integrated interventions contribution to the CfW in 2011 was program. 8%, in 2013 it has reached 20.4%. As The meeting praised the successes achieved by the SFD and its vital role in contributing to poverty alleviation through the provision of job opportunities as for water, there has been an increase well as its active developmental role in improving the living conditions of poor from 13% to 18% for the same period. communities by providing basic needs, facilitating access to social services and raising income through creating temporary and permanent employment. This clearly emphasizes the increasing role of SFD in providing safety net to the most vulnerable Yemenis and responding to critical needs in the country.
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