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  Local
Yemen foreign debt jumps to $6 bln in September
[23/November/2009]



SANA'A, Nov.23 (Saba) - Yemen's foreign debt has reached $6.4 billion by end of last September 2009 by an increase of $85 million from last August.

A report issued by the Central bank of Yemen (CBY) disclosed that the IFC's institutions topped Yemen creditors with more than $3 billion including the International Finance Corporation, the Arab Fund for Economic and Social Development, the International Fund for Agriculture Development IFAD and others.

The rest debt was for the International Monetary Fund, the OPEC Fund for International Development and Islamic Development Bank and the European Union.

Yemen's debt for the Paris Club Members came second with about $1.7 billion including $1.2 billion in Russian loans and $279 million in Japanese loans, while the rest debt was in the U.S., French, Italian, Spanish, Danish, Dutch and German loans.

The country's debt for the other creditors came in the third position, with Yemen owing Saudi, Chinese, Kuwaiti and Iraqi Funds as well as Algeria, Boland and Korea about $876.5 million.

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UPDATED ON : Fri, 22 Aug 2014 01:06:10 +0300