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AMF Lends North Yemen $16.3mn

Published on Mon, 21 Oct 1985 - Volume: 29 Issue: 01

Financial and Banking News

AID FLOWS

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%.

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