The Arab Monetary Fund is planning to provide a loan to help Yemen address the security and political instability that has been hampering its economic development, Bloomberg reports. Arab Monetary Fund Director General Jassim Al-Mannai said the country is due to receive “priority” funding. He explained that an attractive investment climate and a reformed economy are the best measures to boost the development of Yemen, which is the poorest state in the Middle East, Bloomberg says.

    Meanwhile, Germany has lifted the suspension of all passenger flights coming from Yemen, which it imposed following the discovery of two bombs that were attempted to be shipped from the Middle Eastern country into the United States. Germany, however, left in place the ban on air cargo from Yemen, Reuters reports.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.