Middle East Economic Survey
Yemen Signs Two Loan Agreements Totaling $171Mn
The Arab Fund for Economic and Social Development (AFESD) on 12 January signed an agreement to lend $150mn to Yemen for the Marib gas-fired power plant, which will cost an estimated $400mn. The new loan will provide additional funding for the project, for which AFESD had previously lent $100mn, thereby raising the total from the fund to $250mn. The Saudi Fund for Development (SFD) had...