Central bank, IFC discuss mechanisms of financing Yemeni trade

Prime Minister Affirms Government’s Commitment to Building Genuine Partnership with the Private Sector

Prime Minister, the Minister of Foreign Affairs and Expatriates, Dr. Shaya Zindani has affirmed the government’s commitment to building a genuine partnership with the private sector based on transparency and mutual trust.

OCHA: Regional Escalation Directly Impacting Humanitarian Conditions in Gaza and the West Bank

United Nations Office for the Coordination of Humanitarian Affairs has warned that ongoing regional escalation is directly worsening the humanitarian situation in Gaza and the West Bank.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/11 Time 08:02:56
Latest News:

Minister of Local Administration discusses with UNDP joint cooperation

Minister of Public Works discusses with UN Envoy's Office support for road projects

PLC Member Mahmoud al-Subaihi Stresses Importance of Strengthening Agricultural Production to Achieve ..

President al-Alimi : It's important to go on pressurizing Iranian regime, dismantling its armed militias

Member of PLC Mahmoud al-Subaihi Receives Head of UNHCR Office

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.