Armies of Liberation

Jane Novak's blog about Yemen

Yemeni Purchases of Syrian Wheat Funded by AMF

Filed under: Donors, UN, Syria, Yemen, poverty/ hunger — by Jane Novak at 3:33 pm on Thursday, October 11, 2007

Yemen Times

Arab Monetary Fund finance Wheat Deal

The UAE-based Arab Monetary Fund has agreed to finance the Yemeni-Syrian Wheat deal where Yemen would buy US$ 70 million worth of wheat from Syria on annual bases. The fund will finance this operation with an interest rate not exceeding 0.375%.

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