Yemen's foreign debt steps up to $7.2bn
Sanaa - SABA
Yemen's foreign debt has stepped up to over $7.2 billion in January 2013, with an increase of $1.1 billion from January 2012, Central Bank of Yemen (CBY) said Sunday. A report issued by CBY showed that the IFC's institutions got the lion's share of the debt, with Yemen owing them about $3.5 billion. Yemen's debt for the Paris Club Members came second of Yemen creditors by around $1.7 billion, with $1.1 billion in Russian loans. The country's debt for other creditors amounted to nearly $1.5 billion, according to the report, which also mentioned a debt of $510 million for unidentified sources.
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