Financial and Banking News


AMF Lends North Yemen $16.3mn 

The Arab Monetary Fund (AMF) has agreed to lend North Yemen $16.3mn under an agreement signed on 9 October. The loan, which will be used for balance of payments support to cover increased agricultural imports, will be repaid in three years, including a grace period of 18 months, and will carry an annual interest rate of 5.2% to 5.8%.