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Yemen wants $6b. aid to counter anti-government protests

By REUTERS

MARCH 8, 2011 10:41

ABU DHABI - Yemen's foreign minister urged foreign donors to inject up to six billion dollars into state coffers over the next five years to help meet the demands of anti-government protesters.

"What we need is really development and economic growth because the present political crisis is really as a result of the economic situation in Yemen," Abubakr al-Qirbi told Reuters after meeting Gulf Cooperation Council's (GCC) foreign ministers late on Monday in Abu Dhabi.

Qirbi said Yemen would present a five-year development plan later this month to the Friends of Yemen, a group of donor nations that includes European and Gulf Arab allies as well as the United States.

"The deficit in the budget for the five-year plan is about $6 billion," Qirbi said.

"We hope that the GCC countries with the other donors will contribute really to the development plan and to finance the deficit in the government budget," he said.

The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Protests have also erupted in Oman, Bahrain and Saudi Arabia.

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