Yemen committed to settling existing debts

The Arab Monetary Fund chairman said it is unlike Yemen to pay debts late. (AFP)
Updated 11 February 2019
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Yemen committed to settling existing debts

  • The Arab Monetary Fund chairman says Yemen will pay the debts according to a new schedule
  • The AMF will prepare a detailed study of the current financial state in Yemen

DUBAI: Yemen’s government has said it remains committed to paying back loans to the Arab Monetary Fund (AMF) that were due in 2016, and once paid back millions of dollars more will be made available state news agency SPA reported.

Yemen borrowed the money to fund the fight against the Houthi militia, but have been unable to repay the funds by the agreed date.

Abdul Rahman Al-Humaidi, chairman of the Arab Monetary Fund, said Yemen would now pay the loans according to a new schedule.

But Humaidi said it was uncommon for Yemen not to repay its debt on time.

He said the AMF was ready to help Yemen modernize its central bank by preparing a comprehensive study of the current financial situation and the banking sector in Yemen.

Al-Humaidi said Arab Trade Financing Program would provide payments of up to $150 million once Yemen had repaid its existing debts.


Israeli tank, aircraft hit Gaza after cross-border shots: army

Updated 19 April 2019
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Israeli tank, aircraft hit Gaza after cross-border shots: army

JERUSALEM: Israel on Friday struck Hamas targets in the Gaza Strip with tank and aircraft fire after shots were fired at troops on the Israeli side of the border, the army said.
“No injuries to soldiers were reported,” it said in a statement.
Palestinian security sources in Hamas-ruled Gaza told AFP that the Israeli fire hit Hamas military observation posts at three locations along the frontier.
They said there were no reports of Palestinian casualties.
Palestinians in Gaza have for more than a year gathered at least weekly along the border for often-violent protests, calling on Israel to end its blockade of the enclave.
The Israeli statement did not say if there were mass protests taking place at the time of Friday’s incident.
At least 264 Palestinians in Gaza have been killed by Israeli forces since the protests began.
The majority were killed during clashes, with others hit by tank fire or air strikes.
Two Israeli soldiers have been killed over the same period.