Yemen plans debut sukuk

Yemen is the latest country that announces the possible raise of the much-needed financing from the financial markets through a debut sovereign sukuk issuance sometime in the first half of 2011.
The International Monetary Fund (IMF) and the World Bank are assisting Yemen on the technical aspects of issuing commercial paper under a technical agreement which the World Bank Group has with the Jeddah-based Islamic Development Bank (IDB) Group to assist its member countries to help formulate policies to raise financing for infrastructure, development and budgetary support.