Japan abolishes $ 16 million of Yemen’s debt

Minister of Planning and International Cooperation, Abdul Karim al-Arhabi and Japanese Ambassador to Yemen, Masakazu Toshikage, signed Saturday memos for abolishing $ 16.8 million of Yemen’s debt to Japan.

Speaking to Saba, al-Arhabi expressed Yemeni government’s appreciation to Japan’s initiative for abolishing part of Yemen’s, indicating that this initiative reflects continuous development of Yemeni- Japanese cooperation.

The initiative that comes in the framework of supporting Yemen’s development is not the first of its kind. Tokyo has previously abolished $38 million of Yemen’s total debt for years 2003-2007.

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