Yemen Seeks $500Mn Loan From IMF
Yemen is in advanced talks with the International Monetary Fund (IMF) to secure a $500mn loan, IMF Middle East Director Masood Ahmed says. But, speaking on 21 May, he called on San’a to first agree on its economic program, before the IMF can finalize discussions. While the government needs IMF aid, it is concerned that approval of a facility would lead to further austerity measures, such as the reduction of subsidies on...
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