Financial and Banking News


IDA Lends $8mn for North Yemen's Industrial Development 

The International Development Association (IDA), the World Bank affiliate for concessionary lending, has approved a credit of SDR8mn ($8mn) for a project to provide technical and financial assistance to private industries in North Yemen, according to an announcement on 14 February. A line of credit will be used by the Industrial Bank of Yemen to finance up to ten industrial projects,...