Finance Minster, U.S. financial experts sign memo of understanding

SANA'A, March, 18 (Saba) - Finance minister No'man al-Suhaibi has
met an experts of the American Financial Service who currently
conduct a assessment study of setting up a stock market in Yemen.

Al-Suhaibi assured the importance of establishing the stock market
which considers one of the components of President Ali Abdullah
Saleh's platform.

Al-suhaibi said that the reforms associated with several aspects,
including the reforms of the banking sector, the principles of good
governance and improving workers' skills in judgment, bar and legal
accountancy and developing the legislation system of the stock
market.

For their side, the experts briefed the Yemeni official on the
benefits of the stock market to the Yemeni economy through promoting
the stock market and reviewing the basic elements of its components.

The American team also will prepare a plan for implementing all
requirements of the stock market, mentioning the important role of
the government's support and the private sector to set up the stock
market.

During the meeting, the two parties signed an understanding
memorandum in which the U.S. side would provide a technical
assistance for establishing the stock market.

BA/YA