Central Bank Governor meets IFC Representative

Press release of the International Security Council

The Members of the UN Security Council reaffirmed their support for the efforts of the Special Envoy of the UN for Yemen and their commitment to working toward lasting peace and prosperity for the Yemeni people.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/24 Time 11:29:25
Latest News:

President al-Alimi meets with Consultations and Reconciliation Commission headship

President al-Alimi sets out guidelines for Yemeni diplomatic missions discourse

Yemeni Ministries Reaffirm Constitutional Loyalty Amid STC Secessionist Declarations

Ministry of Youth and Sports Condemns Misrepresentation of Ministry and Reaffirms Commitment to Constitution

Government Delegation Says Agreement Reached to Release Thousands of Detainees

Central Bank Governor meets IFC Representative

[13/03/2018 02:57]

AMMAN-SABA
The Governor of the Central Bank of Yemen, Dr. Mohammad Mansour Zamam, met today with the representative of the International Finance Corporation (IFC)Saad Sabra.

The meeting discussed the mechanisms of the external trade guarantee and finance fund allocated to facilitate, for Yemen, the opening of letters of credits with commercial banks for importing basic commodities for all Yemeni regions. The basic commodities include wheat, rice, sugar and medicines.

Zammam pointed out that the Saudi Arabia is the only country so far to have given preliminary approval to fund the project with $ 100 million apart from its $2 billion bailout deposited in Yemen's Central Bank to shore up the Yemeni currency, Riyal.

Zammamsaid that there was a delay in the implementation of the project and efforts are now being made by the Central Bank and the IFC to complete the signatures ofthe project documents, including the initial finance agreement of 100 million dollars out of the required USD 500 million.