SFD signed two financing agreements with KfW
The Social Fund for Development (SFD) has signed two financing agreements with the German Development Bank (KfW) at a total cost of EURO 10 million.
Both agreements finance two projects that aim at alleviating the impact of the ongoing political crisis and war on the poor in different impacted areas. The supported projects will be implemented using the cash-for-work approach during three years in order to contribute to the achievement of stability in Yemen and alleviation of the impact of the current crisis in the vulnerable populated groups, as well as the rehabilitation and expansion of social and economic infrastructure, with emphasis on the rural areas.
Through the labor-intensive projects, the SFD seeks to provide conditional transfers in order to mainly bridge the gap of food consumption among poor families, and increase the productive assets of the target poor households and communities.
Photo credit to Susanne Schroeder at KfW