NO. 12


Financial and Banking News

Budgets & Revenues

Yemen Negotiating Reduction In Soviet-Era Debts To Moscow

Yemeni President 'Ali 'Abd Allah Salih has said that his country isnegotiating with Russia for a reduction in the $7bn debt incurred by the formerPeople's Democratic Republic of Yemen (South Yemen) during the Soviet era.President Salih told the Kuwaiti newspaper Arab Times on 14 December that hisgovernment expects to repay only 10% of an accumulated debt...