Yemen Asks for USD4B Annual Economic Aid

Yemen needs approximately USD4 billion in economic aid every year to be able to rescue its impoverished economy, the country's foreign minister said as quoted by

. Minister Abubakr al-Qirbi said that at a minimum, Yemen needs USD2 billion a year in development aid, but added that "if you want a real impact, a real change in the economy, standards of living of population, addressing the issues of basic needs of Yemenis, you need more than that."

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.