U.S. $ 5 Billion , Yemen’s External Debts [Archives:2000/10/Local News]

The declaration made by an official source 3 years ago that 67% of the Yemeni external debts were written off, was not precise and far from honesty. Mr. Hisham Sharaf, Under- Secretary of the Development and Planning Ministry said in a statement published in the last issue of the 26 September newspaper, that Yemen still was still indebted 4,8 Billion dollars out of a total of 8,6 Billions. He also explained that the reason behind this decrease was that Russia has written off U.S $ 5 Billion of Yemen’s debts leaving only 1 Billion. However, he did not mention any other writing offs by other countries or other bodies and funds, recalling that the country’s debts to the International Bank are ranging between U.S. $ 500-600 Billion, not subject scheduling.
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