IMF suspends Yemen program indefinitely

GMT 03:24 2015 Friday ,27 March

Arab Today, arab today IMF suspends Yemen program indefinitely

International Monetary Fund
Washington - MENA

he International Monetary Fund (IMF) said Thursday it had suspended its review of reform program in Yemen until the situation clarifies, citing a host of uncertainties surrounding the country at the moment.
"Obviously we're watching the rapidly evolving situation carefully and closely at the moment," IMF spokesman William Murray told reporters.
"Given a host of uncertainties surrounding Yemen at the moment, the first review of the Fund-supported program is postponed until the situation clarifies," he added.
Saudi Arabia began on Thursday a military campaign in Yemen, launching air strikes in coordination with an alliance of 10 nations to restore the Yemeni government that collapsed after Houthi militants took control of large swathes of land and surrounded the southern city of Aden, where the Yemeni president has fled.

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