ABU DHABI: Arab Monetary Fund (AMF) signed an agreement to support the financial reform program for 2013 in Yemen.
Under the agreement, the AMF gives Yemen a loan of $96 million to support financial reform program in 2013, which aims at achieving stability and balance in the overall economy and improving the standard of living through ensuring basic services access and restructuring economic institutions to raise the effectiveness of the services they provide.
Yemen will also get an amount of KD10.5 million nearly $48 million, which is the 2nd installment of the sixth ordinary loan the Fund has provided to Yemen to support the financial reform program agreed upon in 2012. (QNA)
