VOL. XL

No. 45

10-November-1997

YEMEN

IMF And World Bank Approve $616Mn In Credits To Yemen

The International Monetary Fund (IMF) and the World Bank have approved new creditfacilities totaling $616mn to assist in Yemen's restructuring program. From the IMF Yemenwill receive a loan and credit package of $512mn, of which $366mn will be on concessionalterms. The IMF said in a statement that Yemen hopes to achieve real non-oil gross domesticproduct (GDP) growth of 6% annually on average from 1997 to...