Yemen’s external debts exceed $6b in 2009

20 Feb 2006

(MENAFN) A report issued by the Central Bank of Yemen showed that the country’s external debts rose by $135 million by end of last year to reach a record $6.029 billion, compared with $5.894 billion end of 2008, Saba reported.

The central bank said in its report that these debts were owned by international financial institutions including the Arab development fund, International Fund for Agricultural Development (IFAD), the International Monetary Fund (IMF), OPEC’s Development Fund, the Islamic Development Bank (IDB) and European Union (EU).

Yemen’s debts for members of the Paris Club amounted to $1.743 billion, of which $1.212 billion for Russia, $270 million for Japan and the rest for the US, France, Italy, Spain, Denmark, the Netherlands and Germany.

The debts were also distributed to Arab and Western countries, noted the central bank.

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