WB READY TO SUPPORT YEMEN FOR MORE BANKING REFORMS

SANA'A, Nov. 08 (Saba) - The World Bank (WB) voiced on Sunday
readiness to support Yemen to carry out more reforms in the banking
system in Yemen.

During her meeting with the Governor of Central bank of Yemen (CBY)
Ahmed al-Samawi, the WB Vice President Shamshad Akhtar said that the
bank would support the CPY to be able to implement banking system
reforms all over the country.

The meeting discussed the possibility of WB support to improve the
CBY banking activities to meet with the new changes in the
international and regional banking arena.

The meeting also touched on the WB technical assistance to update
the CBY sectors of control, information technology, payment systems
and management of foreign exchange reserve.

The CBY governor highlighted to the developments in the Yemen's
banking systems, accentuating that it has not been affected by the
global financial crisis.

On the other hand, al-Samawi met also with the chairman of the Union
of Arab Chambers of Commerce, Industry, and Agriculture Adnan Al
Qassar, who is visiting Yemen to discuss a number of issues with
Yemeni officials in the government and the Federation of Yemen
Chambers of Commerce and Industry.

AF/AF