Settling Yemen’s Debts [Archives:2000/18/Local News]
A senior official in the Central Bank stated that Yemen has been granted a considerable discount in its commercial debts. The Legal Advisor in the World Bank endorsed settling the down payment of Yemen’s debts amounting to $ 344 million with about $ 8,8 million. The foreign commercial debts of Yemen amount to $ 420 million. The world bank and some other donor countries have also granted Yemen $15 million which will be used to settle the second payment of Yemen’s debts. The Legal Advisor in the World Bank and Financial Advisor in the Central Bank in Yemen have met for the very purpose.