VOL. XLII

No. 14

5-April-1999

YEMEN

IMF Releases $64Mn ESAF To Yemen

The International Monetary Fund (IMF) announced on 23 Marchthat it had approved loans and credits totaling SDR47mn ($64.2mn) to supportYemens reform program under the Enhanced Structural Adjustment Facility (ESAF SDR36mn) and Extended Fund Facility (EFF SDR11mn). (The SDR370.7 facilitywas signed in October 1997 and comprises a SDR105.9mn EFF and a SDR 264.75mnESAF). According to a statement from the IMF, due to reforms the...