Yemen to Seek Debt Relief in Donor Conference

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.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.