With a $560mn loan from the IMF now secured, Yemen is hoping it could hold the key to unlocking further funds from donor countries which so far, have been slow to arrive.
After much discussion, Yemen last week reached an agreement with the IMF on a $560mn loan that it hopes will ease the pressure on a state budget deeply in the red. This follows a decision from the Yemeni government to cut subsidies on a range of petroleum products, as part of a renewed push to reform its much-maligned subsidy policy. (CONTINUED - 1122 WORDS)
