Yemen foreign debt jumps to $6 bln in September

SANA'A, Nov.23 (Saba) - Yemen's
foreign debt has reached $6.4 billion by end of last September 2009 by an increase
of $85 million
from last August.
A report issued by the Central bank of Yemen (CBY) disclosed that the IFC's
institutions topped Yemen creditors with more than $3 billion including the
International Finance
Corporation, the Arab Fund for Economic and Social Development, the International
Fund for Agriculture Development IFAD and others.
The rest debt was for the International Monetary Fund, the OPEC Fund for
International Development and Islamic Development Bank and the European Union.
Yemen's debt for the Paris Club Members came second with about $1.7 billion
including $1.2 billion in Russian loans and $279 million in Japanese loans, while
the rest debt
was in the U.S., French, Italian, Spanish, Danish, Dutch and German loans.
The country's debt for the other creditors came in the third position, with Yemen
owing Saudi, Chinese, Kuwaiti and Iraqi Funds as well as Algeria, Boland and Korea
about
$876.5 million.
BA