{
Yemeni Rial

Currency

}
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yemen to reschedule debt with arab monetary fund amid economic challenges

Yemen is set to sign an agreement with the Arab Monetary Fund to reschedule its debt, including loan repayments, amid ongoing economic challenges exacerbated by over a decade of conflict and external shocks. Finance Minister Salem bin Breik highlighted the impact of suspended oil exports, which previously accounted for 65% of state revenues, and security issues on the economy. Since August 2023, Yemen has initiated financial reforms aimed at improving tax efficiency and diversifying non-oil revenues, with close coordination with the Arab Monetary Fund for progress assessments.
Finance Middle East
Yemeni Rial Arab Monetary Fund FUND YEM
Finance & Economy, News Article
06:08 11.02.2025
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