Yemen's external debt has registered a slight rise up to $
6,080,000,000 by the end of October 2010 with an increase of $57 million
compared to the same period of 2009.
A
report issued by the Central Bank of Yemen (CBY) showed that the large part of
debt is for international financial institutions with over $ 3.3 billion.According to the report, Yemen's
debt for the Paris club's states has reached
roughly $ 1.8 billion at the end of October 2010, most of which is for Russia
amounting to $1.2 billion.The report pointed out that Yemen's
debt owed to the non-member States of the Paris Club reached $850 million,
besides $205 million Yemen
has borrowed from bodies the report do not named.Noteworthy, Yemen's foreign currency reserves
have declined to $5.99 billion at the end of October 2010 compared with $6.6
billion in September of the same year.According to the CBY's report, the central bank's budget dropped YR 36 billion
to YR 1.8 trillion by the end of October 2010.