The Social Fund for
Developmentwas established in 1997 by the
Law No.10 as one of the measures to cushion the effects of the government’s
reform programs on vulnerable groups, especially the poor.
The SFD was formed as an autonomous agency
with financial and administrative independence, governed by a Board of
Directors, representing the government, NGOs, and the private sector under the
chairmanship of the Prime Minister.
The SFD seeks to reduce poverty by improving
living conditions and providing income generating opportunities for the poor.
Arab Gulf Program for United Nations Development Organizations
(AGFUND)
AGFUND is a non-profit
regional development institution, established in 1980
by the initiative of HRM Prince Talal Bin Abdul Aziz Al
Saud, with the support of the leaders of the Arab Gulf States that constitute
its membership and contribute to its budget. AGFUND is concerned with the
support of sustainable human development efforts targeting the neediest in
developing countries, particularly women and children, through support of the
efforts strongly affecting the development process, including those aimed at
improving the educational and health standards, supporting poverty combating
program and those which support institutional structures. This is done in
cooperation with national, international and regional organizations, NGOs and
other institutions engaged in development, without any discrimination as to
sex, creed or political affiliation.
Private Sector:
The private sector has contributed as part of
their social responsibility, and encouragement to the new initiative
represented in the first Yemeni Microfinance Bank. Their contribution came as
follows:
Name
Percentage of contribution with
reference in the paid capital
