RIYADH - The Saudi Program for the Development and Reconstruction of Yemen (SPDRY), the Islamic Development Bank Group (ISDB) and the Yemeni government signed Wednesday a tripartite joint cooperation agreement to launch an economic empowerment program with a SAR 7.5 million (USD 2 million) budget.

The Saudi Press Agency reported that the agreement aims to establish a general framework for activating development cooperation in Yemen, addressing challenges related to agricultural production chains, and improving access to markets by addressing current gaps in the trade and production sectors.

The Economic Empowerment Program also supports the promotion of sustainable livelihoods in Yemen, job creation, income improvement and strengthening of Yemeni markets.

The program's three main pillars include financing e-commerce solutions, providing consultations to develop value chains and technical skills for small and micro enterprises to increase their capabilities and improve resource access to markets, and improving the quality of agricultural products and enhancing their access to markets. 

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