Yemen, Saudi Arabia sign 3 financing agreements
Monday 09/April/2012
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RIYADH/hadhramaut.info/sabanews.net
حجم الخط
.The first was agreement signed by governor of Central Bank of Yemen (CBY) Mohammed bin Hammam and Saudi Finance Minister Ibrahim al-Assaf, under which the Saudi Fund for Development (SFD) places $1 billion as a deposit in the CBY and to be transferred before the end of this week. The Saudi initiative aims to support the Yemeni government to stabilize the local currency and exchange prices. The second agreement stipulates that the SFD grants $20 million as a contribution to finance establishing a 60 MW wind power generating station electricity in Mocha city. Moreover, the last agreement states that the Fund gives $6 million to support the government's efforts to combat Measles.
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