ID :
124530
Thu, 05/27/2010 - 07:58
Auther :
Shortlink :
https://oananews.org//node/124530
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SFD's Board approves $ 1 bln plan for 2011-2015
SANA'A, May 26 (Saba) - Board of Directors of the Social Fund for Development (SFD) approved on Wednesday the general plan
of the Fund for the fourth phase 2011-2015.
The plan, estimated to cost more than USD 1.1 billion, aims to contribute to
increasing the access of the poor to basic services and promote economic
opportunities, and
reduce the burden of living for this segment as well as strengthening the capacity
of the Fund's partners in development.
The key trends of the Fund in the fourth phase represented in strengthening the
Fund's role within the social security net, creating job opportunities, supporting
the State's
efforts to promote the decentralization and local governance ,as well as
transferring knowledge and developing the lead programs through the partners.
One of the main outputs expected from the Fund's investments in this phase is to
reach 13 million beneficiaries from the Fund's projects, including seven million
females
and six million males.
According to the plan, the allocations of community development program and local
development occupy the big part of the total cost for the fourth phase with a total
cost
of USD 714 million, followed by capacity-building program USD155.6 million, and then
the public works program of labor-intensive USD 119 million, and the program of
small
and smaller enterprises with amount of USD 36.6 million.
The Board endorsed the Fund's financial statement for the fiscal year ended on
December 31, 2009 in light of the independent auditor's report.
In addition to, the Board approved the audit report for 2009, which included the
results of the periodic review, including the examination and evaluation of
internal control
systems of the Fund and its branches in the provinces of Sana'a, Ibb, Dhamar, Aden,
Hodeidah, Hadramout, Taiz, Amran, and Hajjah.
In this regard, the Board praised in light of the two reports, the distinct
performance of the executive administration of the Fund in the financial and
administrative fields.
Meanwhile, the board emphasized the executive administration to take in
consideration the recommendations of the independent auditor in order to enhance
the effective performance.
Furthermore, the Board approved the Fund's Operations Manual, which shows the main
tasks of the Fund and its general policies.
BA
of the Fund for the fourth phase 2011-2015.
The plan, estimated to cost more than USD 1.1 billion, aims to contribute to
increasing the access of the poor to basic services and promote economic
opportunities, and
reduce the burden of living for this segment as well as strengthening the capacity
of the Fund's partners in development.
The key trends of the Fund in the fourth phase represented in strengthening the
Fund's role within the social security net, creating job opportunities, supporting
the State's
efforts to promote the decentralization and local governance ,as well as
transferring knowledge and developing the lead programs through the partners.
One of the main outputs expected from the Fund's investments in this phase is to
reach 13 million beneficiaries from the Fund's projects, including seven million
females
and six million males.
According to the plan, the allocations of community development program and local
development occupy the big part of the total cost for the fourth phase with a total
cost
of USD 714 million, followed by capacity-building program USD155.6 million, and then
the public works program of labor-intensive USD 119 million, and the program of
small
and smaller enterprises with amount of USD 36.6 million.
The Board endorsed the Fund's financial statement for the fiscal year ended on
December 31, 2009 in light of the independent auditor's report.
In addition to, the Board approved the audit report for 2009, which included the
results of the periodic review, including the examination and evaluation of
internal control
systems of the Fund and its branches in the provinces of Sana'a, Ibb, Dhamar, Aden,
Hodeidah, Hadramout, Taiz, Amran, and Hajjah.
In this regard, the Board praised in light of the two reports, the distinct
performance of the executive administration of the Fund in the financial and
administrative fields.
Meanwhile, the board emphasized the executive administration to take in
consideration the recommendations of the independent auditor in order to enhance
the effective performance.
Furthermore, the Board approved the Fund's Operations Manual, which shows the main
tasks of the Fund and its general policies.
BA
