Yemen plans to ask donors for debt relief at an international conference in London slated this week,
reports. According to Hisham Sharaf, Yemen's deputy minister of planning and international cooperation, the country hopes to have its debts cut by at least half. Sharaf said the debts are weighing the economy down.
'Yemen has a clear and honest reform vision that requires support from world and regional donors," Sharaf said. "Yemen should be dealt with as a partner … with this all then can see we are going ahead in the best interest of the nation."
Sharaf also said Yemen would need at least USD50 billion in the next 10 years to develop infrastructure that would help the country attract investments and serve its population.