The Yemeni parliament recently approved the country’s second five-year economic and social development plan. The new plan targets a 5.6 percent average annual growth in the GDP, an eight percent growth in the non-oil economic sector, in addition to increasing the manufacturing sector’s output by six to 13 percent, reported Al-Hayat. The new scheme also aims to increase the private sector’s contribution to the economy by 58 percent and intends to provide more employment opportunities in order to decrease the 22 percent unemployment rate. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
