Yemeni foreign debt drops to $ 5.9 bln

SANA'A, Aug 8 (Saba) - The foreign debt of Yemen has dropped to $
5.951 billion by the end of June 2008 compared to $ 5.959 billion at
the mid of 2007.

A report issued by the Central bank of Yemen (CBY) disclosed that
the first lender to Yemen is the International Finance Corporation
(IFC) with $ 3.158 billion followed by the International Development
Agency with $ 2.144 billion.

According to the report the Arab Fund for Economic and Social
Development (AFESD) comes in the third position with $ 637 million,
then the International Monetary Fund (IMF) with 135 million.

Yemen also borrow from the International Fund for Agricultural
Development (IFAD) around $ 122 million, Islamic Development Bank $
80 million and from the OPIC $ 33 million.