Jun 18 2012
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Arab Monetary Fund To Ink Loan Deals With Tunisia, Yemen This Week
Monday, Jun 18, 2012
(This story was originally published Sunday)
ABU DHABI (Zawya Dow Jones)--The Arab Monetary Fund will sign this week loan deals with Tunisia and Yemen to help bolster their finances, according to the fund's top official.
The AMF is set to sign two loan deals--agreed upon in the first quarter--with Yemen on Tuesday totaling $209 million, Jassim Al Manai, the AMF chief, told Zawya Dow Jones. "One loan is a three-year extended facility loan to bridge the deficit in the balance of payments. The other is a five-year loan to support fiscal reforms in the country," he said.
Both countries face economic challenges after popular uprisings last year that toppled the rulers there.
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
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