Debts Rescheduled [Archives:1998/27/Local News]

June 6 1998

An agreement was signed on Tuesday, June 30, by Yemen and Italy to re-schedule the $5.2 million debt owed by Yemeni. According to the Paris Club agreement and Napoli conditions signed by Yemen on 20 November, all Yemeni debts to the club members are to be rescheduled.
Similar agreement were reached with the US and Japan. The latter will provide Yemen with $23 million to alleviate the burden of debt servicing.