VOL. XLI

No. 25

22-June-1998

YEMEN

Japan Agrees To Reschedule Yemeni Debt

Japan's Ambassador to Yemen signed a debt-rescheduling agreement with Yemeni FinanceMinister 'Alawi Salih al-Salami, the details of which haveyet to be released. The accord, finalized on 15 June, follows an agreement signed lastyear which rescheduled $10.1mn of Yemeni debt owed to Japan. The US took similar actionlast year canceling 60% of Yemen's outstanding debt and rescheduling the remaining $7.2mnto be repaid over 30...