Page "Foreign relations of Yemen" Paragraph 56

Yemen desires to join the 24-year-old Gulf Cooperation Council ( GCC ), a sub-regional organization which groups Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman in an economic and security alliance.

GCC members have traditionally opposed accession of additional states.

Currently, Yemen has partial observer status on some GCC committees, and observers believe that full membership is unlikely.

Others assert that it is in the GCC's interest to assist Yemen and prevent it from becoming a failed state, lest its instability spread to neighboring Gulf countries.

This has helped Yemen greatly.

In November 2006, an international donors ' conference was convened in London to raise funds for Yemen's development.

Yemen received pledges totaling $ 4. 7 billion, which are to be disbursed over four years ( 2007 – 2010 ) and represent over 85 % of the government's estimated external financing needs.

Much of these pledges came from Yemen's wealthy Arab neighbors.