US And Yemen Sign Agreements To Reschedule Debt
The US and Yemen signed agreements on 19 May 1998 rescheduling Yemeni debt owed to theCommodity Credit Corporation (CCC) and the US Agency for International Development(USAID). The agreements include debt forgiveness estimated at around $17mn. A total amountof $7.25mn of principal was also rescheduled according to the Naples terms of theImplementing Agreement of the 1997 Paris Club Accords. These terms discount by...