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- Operations
- Line of Credit to Medium & Small Scale Entreprises
Line of Credit to Medium & Small Scale Entreprises
Yemen
Borrower | Yemen |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Financial |
Approved | 05.12.1989 |
Signed | 07.11.1991 |
Status | Cancelled |
Loan Administrator | OPEC Fund |
Executing Agency | Industrial Bank of Yemen |
Co-financiers | Ind. Bank of Yemen, Sponsors & local, banks |
OPEC Fund Contribution (US$m) | 5.00 |
Total Project Cost (US$m) | 8.30 |
Objectives are to assist YAR to promote small and medium scale industries in private sector. LOC will basically finance FEX of development projects while sponsors and local banks will meet local costs requirements.