IMF PRAISE THE DEVELOPMENT IN THE YEMENI BANKING SECTOR.
The Assistant Director of the Middle East Department, International Monetary Fund, Alan MacArthur praise the positive developments of the banking sector in Yemen.
He confirm within his metting today in Sana’a with his Excellency Mr.Ahmed Alsamawi - the governor of central bank of Yemen ; the readiness of IMF to provide technical support to enhance the reformation in Yemeni banking sector .
From his part , Mr.Alsamawi assures that despite the global financial crisis ; banking sector in Yemen have witness a notable progress and developments . He stressed that the criteria set by central bank of Yemen and applicable by banks has contributed in avoiding the crisis . He also pointed out to the strong legislative and regulatory reforms taking place in the banking sector in Yemen.