The
Arab Monetary Fund (AMF) will provide a
8 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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