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2026/04/04
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Latest News:
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Latest News:
Houthi Terrorist Militias landmines kill 1104, injuring 1429 civilians in 9 years—Report
Yemen’s Ambassador to US takes oath before President al-Alimi
President al-Alimi congratulates on Senegal’s National Day
CBY Governor: IMF Statement reflects renewed institutional engagement with the international community
IMF Executive Board approves results of Article IV consultations with Yemen
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 -
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President al-Alimi congratulates on Senegal’s National Day
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