Japan Debts Rescheduled [Archives:1998/24/Local News]
June 15 1998
The government of Japan has agreed with he government of Yemen on the re-scheduling of the Yemeni debts payable to Japan on the basis of the conclusions reached at the Paris Club meeting on 19 and 20 November, 1997. This is the 2nd agreement of its kind between the two governments.
Yemeni debts to Japan which amount to approximately $20 million, 96% of which is owed to the Overseas Economic Cooperation Fund, will be paid by 48 semi-annual installments beginning on 1 November, 2015, with a 1% interest rate. The remaining sum – the commercial debt insured by the government of Japan will be paid by 66 semi-annual installments beginning on 1 November, 1999.
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