Central Bank Governor meets IFC Representative

Yemen’s Ambassador Discusses Strengthening Bilateral Relations with Pakistani Official

Yemen’s Ambassador to Pakistan, Mohammed al-Ashabi discussed Thursday with Pakistan’s Foreign Ministry Undersecretary for Middle East Affairs Zahid Hussain ways to strengthen bilateral relations between the two brotherly countries and expand prospects for joint cooperation.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/18 Time 05:31:08
Latest News:

Yemen, Islamic Development Bank Discuss Financing Gaps and Expansion of Development Support

Cabinet Reviews Service Reforms, Economic Challenges and Regional Developments

Masam Destroys Nearly 6,000 Landmines and Explosive Remnants in Bab al-Mandab

Khanbashi Calls for Expanded UNOPS Partnership to Advance Hadramout Development Priorities

Yemen's Ambassador Discusses with Speaker of Jordanian Parliament ways to e Enhance Cooperation in ..

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.