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AMF Lends North Yemen $12.8mn

Published on Mon, 10 Mar 1986 - Volume: 29 Issue: 22

Financial and Banking News

AID FLOWS

AMF Lends North Yemen $12.8mn

The Arab Monetary Fund has agreed to lend North Yemen $12.8mn under an agreement signed on 2 March. The loan, which will be used for balance of payments support, is to be repaid in three years, including a grace period of 18 months, and will carry an annual interest rate of 3.75 to 4.75%.

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