Yemen, AMF discuss cooperation sides
The Source: WASHINGTON\Hadhramaut\Saba - Sunday -12/Oct./2014
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Yemen and the Arab Monetary Fund (AMF) discussed Sunday aspects of cooperation as well as loans provided to Yemen in order to support the economic reforms in the country.
This came during a meeting gathered Finance Minister Mohammed Zemam and Governor of Central Bank of Yemen Mohammed Awad Bin Hammam with the AMF Director General and Chairman of the Board of Executive Directors Abdulrahman Bin Abdullah Al Hamidy, at the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WB) currently being held in Washington.
The meeting touched on supporting the development projects aimed at strengthening economic stability and propping up sustainable and inclusive growth, in addition to supporting the financial reform program.
The financial minister hailed the AMF procedures in adopting soft loans in Yemen, noting that the fund has allocated loans to meet the expenses of development projects.
For his part, the AMF Director affirmed the fund's keenness to continue supporting Yemen as a result of the economic, political and security difficult conditions the country undergoes, praising the performance of the Ministry of Finance and the Central Bank in maintaining the economic stability.
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