Second installment of Saudi grant worth $250mln to be deposited in Yemen budget soon - cenbank governor

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The remaining $500 million of that one-year Saudi grant that started in August remains to be transferred

Maha El Dahan, Reuters News

February 11, 2024

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The second installment of a Saudi one-year grant, worth $250 million, will be deposited into the Yemeni budget on Sunday or Monday to support salary payments, Yemen central bank governor Ahmed bin Ahmed Ghaleb Al-Maabqi told Reuters on Sunday.

The remaining $500 million of that one-year Saudi grant that started in August remains to be transferred, the governor of the Aden-based central bank said on the sidelines of the OECD's World Government Summit in Dubai.

(Reporting by Maha El Dahan, Additional reporting Mohammed Ghobari in Aden)

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