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2026/03/15
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Latest News:
Governors of Lahj, Abyan, al-Dhalea governorates swear-in before President al-Alimi
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Latest News:
Governors of Lahj, Abyan, al-Dhalea governorates swear-in before President al-Alimi
Minister of Finance Discusses Economic Conditions, Support for Comprehensive Reforms with British Ambassador ..
Lt. Gen. al-Subaihi Discusses Efforts to Deter Terrorist Threats in the Region with the U.S. Ambassador ..
Promoting women participation very important for development—Al-Khanbashi stressed
Minister of Education Discusses with UNICEF Mechanisms to Strengthen Joint Cooperation
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.
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.
Key words:
implementation - International - implementing - installment - Corporation - resolution - mechanisms - financial - countries - discussed -
Governors of Lahj, Abyan, al-Dhalea governorates swear-in before President al-Alimi
Minister of Finance Discusses Economic Conditions, Support for Comprehensive Reforms with British Ambassador
Promoting women participation very important for development—Al-Khanbashi stressed
Planning Minister Discusses Expanded Cooperation with UNICEF and FAO
Yemen Stresses Unified Arab Position to Strengthen Development Role in Global Trade System
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