Central Bank Governor meets IFC Representative

Yemen reiterates its absolute rejection of using its territory as a platform to threaten international navigation

The Republic of Yemen reiterated its absolute rejection of the use of its territory as a platform to threaten international navigation in the Red Sea and regional and international security.

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: ، 2026/06/11 Time 03:20:39
Latest News:

Parliament Speaker Discusses General Situation on the National Scene With Prime Minister

Prime Minister Receives Spanish Secretary of State for Foreign, Global Affairs

Vice Minister of Foreign Affairs Discusses Strengthening Bilateral Relations with German Minister of ..

President al-Alimi: No Lasting Peace Without Disarming Militias

Yemen Reaffirms Commitment to Rights of Persons with Disabilities

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.