International donors have pledged $4.7 billion for Yemen, at a conference in London on Thursday, the World Bank and Yemen said. Yemen had been hoping to raise up to $5 billion at the two-day donors' meeting.The World Bank and Yemen said in a statement that the $4.7 billion pledged from 2007 to 2010 was a "significant increase in assistance and represents over 85 percent of the government'' estimated external financing needs" over the four-year period.
