Central bank, IFC discuss mechanisms of financing Yemeni trade

Governor of CBY confers with UN Envoy over financial, economic situations

The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb and the Special Envoy of the UN Secretary-General to Yemen Hans Grundberg discussed today, Tuesday, in the temporary capital Aden, the latest developments in the financial and economic situation in our country and amid the ongoing conflict in the region.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

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: ، 2026/04/08 Time 03:08:35
Latest News:

Minister Bamqaa discusses challenges facing oil, gas S sector with UN Envoy

Yemen, Norway discuss educational cooperation

Dr. Abdullah al-Alimi praises Germany's significant support for Yemen

Finance Minister discusses with UN Envoy economic challenges

Minister of Finance discusses with UNFPA support for economic priorities

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.