Other countries and organizations said they will announce their pledges the Friends of Yemen meeting which will be held on September 27 in New York, the agency said.
Yemen is undergoing the two-year transitional period under the power-transfer deal which was brokered by the GCC countries and backed by the West after the 2011 turmoil. It is seeking about $11 billion to bridge the financial gap based on the transitional program for stabilization and development 2012-2014 as the country is reeling from the unrest that has deepened its woes.
In May, Friends of Yemen held a meeting in Riyadh and pledged $4.24 billion in aid to Yemen but that will be officially given in the New York meeting later this month.
Prime Minister, Muhammad Salim Basindwa, said the Yemeni government will take special measures to use the external aid including the establishment of an international fund to channel and oversee the spending aid on investments and development.
On the margins of the conference, Yemen and Soddy Arabia
...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in their national face...
signed three accords including one under which the Saudi Fund for Development will deposit $1 billion in the Central Bank of Yemen to stabilize the national currency and help the government cope with economic challenges.
The two other agreements were for giving $26 million from the Saudi kingdom, $20 million to help Yemen build a 60-megawatts power plant in Taiz province and $6 million as contribution to the Yemeni health sector.
At a news conference after the first day of the 4-5 September conference, Saudi Finance Minister Ibrahim Al-Assaf said the pledges should be released soon to help the country overcome all challenges at the moment, according to Saba.