TITLE

Sanaa seeks $2bn bailout from Riyadh

AUTHOR(S)
Salisbury, Peter
PUB. DATE
August 2009
SOURCE
MEED: Middle East Economic Digest;8/7/2009, Vol. 53 Issue 32, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the two billion dollar bailout secured by Yemen with Saudi Arabia to avert a cash crisis. The money will be compensated to pay fuel and goods import, the wages of its public sector, and payment to tribal leaders. The distribution of the money will be managed through a co-operative council between Riyadh, Saudi Arabia and Sanaa, Yemen if the bailout goes ahead.
ACCESSION #
43843416

 

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