Middle East Economic Survey
IMF Approves $370Mn Loan To Support Economic Reform
The International Monetary Fund (IMF) approved a three year credit facility of SDR243.5mn ($369.8mn) for Yemen on 30 July to support the countrys economic reform program. An initial disbursement equivalent to SDR34.79mn ($52.8mn) is available to the Yemeni authorities immediately, with subsequent disbursements subject to semi-annual reviews. The goal of the economic program is to...