Yemeni Government asks Kuwait to exempt it from old debt

Yemeni Government asks Kuwait to exempt it from old debt

 The Yemeni government has asked its Kuwaiti counterpart to exempt it from old debts dating back to the 1970s.

In a meeting with the Minister of Planning and international cooperation, Dr. Najib Al-Awog, on Monday with the Kuwaiti Minister of Finance, Dr. Nayef Al-Hajraf, he asked the Kuwaiti minister to exempt Yemen from the debt owed to the Kuwaiti side since the 1970s, estimated at $50 million.

According to the report, which was published by the government news agency Saba, al- Awog asked the Kuwaiti side to request from  the Kuwaiti government to hold the payment of the 200 million dollars of Yemen's commitments to the Arab Fund for Development.

The meeting discussed a number of economic issues and Kuwait's role in supporting development programs in Yemen.

The Kuwaiti Minister of Finance stressed his government's keenness to continue to support and promote the development process in Yemen by paying attention to supporting the economic and financial files.

The Minister of Planning praised Kuwait's generous support for Yemen, which was the last to announce $250 million at the donors conference in Geneva.


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