CBY governor receives IMF official

SANA'A, Oct.21 (Saba) - Governor of the Central Bank of Yemen (CBY)
Ahmed al-Samwai discussed here on Tuesday with mission of the
International Monetary Fund (IMF) the financial development in Yemen
within the framework of 2008 Article IV Consultation.

During the meeting, both sides reviewed the economic reforms
implemented by Yemen in collaboration with regional and
international partners, and what has been done by the Central Bank
of Yemen for the stability of exchange rates.

The governor praised the current cooperation between Yemen and IMF
and the important role played by IFM in Yemen.

For his part, IMF official expressed his satisfaction for financial
reforms program in Yemen, affirming that development in terms of the
banking sector is satisfactory.