VOL. XL
No. 49
8-December-1997
YEMEN
Yemen Reschedules Arrears With Russia
At a meeting of the Paris Club of official creditors held on 18-22 November, Yemen andRussia agreed to reschedule and re-profile some $6.5bn in debts owed by the formerPeople's Democratic Republic of Yemen and the Yemeni Arab Republic to the former SovietUnion. According to Yemeni radio, Russia wrote off 80% of the debt and accrued interest,while the remaining 20% was restructured under Naples terms, which allow a...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!