Central bank, IFC discuss mechanisms of financing Yemeni trade

Taiz Governor discusses with UN Resident Coordinator solutions to alleviate water crisis

Taiz Governor Nabil Shamsan discussed Saturday with the UN Resident Coordinator and Humanitarian Coordinator in Yemen Julian Harness solutions to alleviate water crisis in the governorate.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/06/21 Time 07:07:06
Latest News:

Foreign Minister discusses ways to enhance bilateral relations with his Malaysian counterpart

Al-Eryani welcomes new U.S. sanctions on networks linked to Houthi Terrorist Militia

Al-Eryani: Iran and Its Militias Undermine Arab Stability

Foreign Minister Arrives in Istanbul for participation of OIC's session

Tariq Saleh discusses health situation in Western Coast with MSF delegation

Central bank, IFC discuss mechanisms of financing Yemeni trade

[30/11/2018 02:42]

BEIRUT-SABA
In a meeting in the Lebanese capital Beirut on Thursday, the governor of Yemen's central bank Mohamed Zemmam and the leaders of the International Finance Corporation, the private-sector arm of the World Bank, discussed mechanisms to start implementing the first installment of IFC funding for Yemeni trade.

The meetings discussed mechanisms to start the implementation of the trade finance program funded by a number of donor countries at an amount of five hundred million dollars, according to the resolution of the Quartet at its last meeting.

The first installment will be $200 million, it will give Yemeni traders another option in the form of letters of credit covered by the Saudi financial deposit in the central bank.