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FinancialNews
09-09-19
Yemen seals deal with WB on exchange-rate stability
(MENAFN) Yemen and the World Bank secured a deal aimed at improving the capabilities of the Yemeni central bank, as the country looks to achieve exchange-rate stabilization.
Under the agreement, Yemeni investors will be lured to make a comeback to the local market after going for opportunities outside the country, as assured Yemeni Minister of Planning and International Cooperation, Najib al-Auj.
Investment insurances will also be provided as per the contract via the Investment Guarantee Agency (MIGA).
Al-Auj stated "we agreed with the World Bank and its linked institutions on enhancing the abilities of the Yemeni Central Bank to achieve a stability in the exchange-rate by channeling international aids through official monetary networks."
MENAFN0909201900450000ID1098982000
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