Yemeni Finance Minister: an anticipated agreement to schedule debts

Dubai – Wam Salem bin Brik, the Yemeni Minister of Finance, announced that his country is in the process of signing an agreement with the Arab Monetary Fund for debt schedule, including paying some debts and installments, which will contribute to improving the financial situation of the government and supporting development projects and economic reforms. Ibn Brik explained during his participation in the Finance Forum within the World Summit of Governments that the Yemeni economy faces dual challenges, including internal shocks resulting from the conflict that has continued for more than ten years, in addition to external challenges such as the Korona and tensions in the Red Sea. He pointed out that the suspension of oil export, which constitutes about 65% of the state’s revenues, led to severe financial pressure on the public budget