Wednesday 12, December 2012 by Robin Amlôt

IMF calls for ‘urgent actions’ on Yemen’s economic, financial challenges

The International Monetary Fund (IMF) says the Central Bank of Yemen should refrain from any additional lending to the Government. The IMF recommends that the central bank reach an agreement with the Ministry of Finance to bring down the Government’s outstanding credit within legal limits, adding that publishing detailed audit reports of the bank would be a step further towards best international practices.

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