Yemen to receive $168 million loan from Arab Monetary Fund

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The Arab Monetary Fund (AMF) will provide a $168 million loan to Yemen to help support reforms in the impoverished Arabian Peninsula state, it said on Wednesday. Financial aid from abroad, which has been slow to arrive, has become a lifeline for Yemen, where the eco**my and government finances have been hit hard by a nationwide fight against al Qaeda militants. The AMF loan, signed by Yemen's finance minister in Saudi Arabia, aims to support Sanaa's eco**mic reform programme throughout 2014 and 2015, the AMF said in a statement. An agreement was also signed for Yemen to receive the second and final $57 million tranche of a loan agreed in 2013, the Abu Dhabi-based lender said.

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