Articles by Jonathan Saul and Maha El Dahan |Reuters
We found 1 results.
Yemen Slides Closer to Famine as Frozen Bank Funds Curb Food Imports
Jonathan Saul and Maha El Dahan |Reuters – TRANSCEND Media Service,
18 Jul 2016
Western banks had already cut credit lines for traders shipping food to Yemen, fearing they would not be repaid due to the security chaos and fragile financial system. Now, they are increasingly unwilling to offer letters of credit, which guarantee sellers will be paid on time. Out of Yemen’s 28 million people, 21 million need some form of humanitarian aid and over half the population suffer from malnutrition,
→ read full article