|
SEPT. 2006─ The
geological survey and min erals authority(GSMA)
representing the ministry of oil and minerals (MOM)
and the International Finance Corporation (IFC),
which represents the private sector in the WB,
recently, signed an agreement to enhance the mining
policies in Yemen. The aim is to attract the private
sector-based investment to Yemen.
Operated by the
Middle East and North Africa partnership of the IFC,
the project in accordance with the signed agreement
would revise the Yemeni mining law and its financial
regulations along with studying this sector’s
administrative procedures and restructuring them.
Besides laying down national mining policies, it, in
cooperation with the MOM, would revise the duties
and powers of the geological survey and mineral
wealth authority.
The agreement was
penned down by Dr. Ismaeel Aljunaid, GSMA chairman,
representing the Yemeni MOM and Mr. Joldz Hoda,
IFC’s GM, representing the WB.
Back to
news |