Central bank, IFC discuss mechanisms of financing Yemeni trade

Masam Destroys 4,100 Explosive Devices in Bab Al-Mandab

The Yemen Mine Action Project "Masam" announced the destruction of 4,100 explosive devices, including landmines, unexploded ordnance, and war remnants, in Bab Al-Mandab area of Taiz governorate.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/20 Time 04:51:06
Latest News:

Minister Al-Zaouri Discusses Enhanced Cooperation with UNHCR on Protection Initiatives

Ambassador Bahumayd Discusses Enhanced Cooperation with Malaysian Foreign Ministry Official

Health Minister Launches Workshop on Women's Development Strategy in Healthcare Sector

President al-Alimi praises Germany's support for Yemen

Minister of Water discusses with Japanese Ambassador coordination of positions in the “CITES” Convention ..

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.