Yemen external debt rises 1% in August on back of IMF loan
The Source: SANA'A/hadhramaut.info/sabanews.net - 05/11/2010
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The Central Bank of Yemen has reported in a new monthly data release that official external debt edged up 0.7 per cent year-on-year (y/y) in August to US$5.96 billion, with the largest component of this increase arising from the initial disbursement of a new US$370 million loan from the International Monetary Fund (IMF).
In August, the IMF gave Yemen just under US$53 billion, raising the country's total outstanding obligations with the multilateral to US$89.7 million.
Total obligations owed to multilateral organisations stood at US$3.17 billion at the end of August, representing 53 per cent of total external debt.
Debt owed to Paris Club countries decreased during the period by 0.1 per cent toUS$1.75 billion while debt owed to non-Paris Club countries increased slightly at the end of August, up 0.6 per cent y/y to US$842.2 million.
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