CBY: External debt steps up to $7.4bn by end of 2014 first half

GMT 02:41 2014 Sunday ,24 August

Arab Today, arab today CBY: External debt steps up to $7.4bn by end of 2014 first half

Central Bank of Yemen (CBY)
Sanaa - Saba

Yemen's external debt raised up to over $7.4 billion by the end of the first half of 2014, the Central Bank of Yemen (CBY) said on Saturday.
The external debt increased by $262 million in the first half of 2014 compared to the same period in 2013, according to a report issued by the CBY.
The report showed that the Yemen's debt to international financial organizations has been stepped up to $3.769 billion in the first half of the current year with an increase of $283 million in the same period of 2013.
The country's debt for member and non-member countries of the Paris Club has registered a slight drop, down $33 million compared with the first six months of 2013. The country owes $1.614 billion to the Paris Club members and $1.534 billion to the Club's non-member countries.
The report also stated other debt of $522 million for unspecified bodies.

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