Signing MoU with the Central Bank of Yemen CBY

Tuesday 15^th June 2010

The YBC represented by the Chairman, Mr. Ahmed Bazara, and the Central Bank of Yemen, represented by the Sub-Governor for the Banking Supervision Division, Mr. Mohammed Al-Rawdi, signed an MoU marking a collaboration to develop and launch Corporate Governance Guidelines for the Yemeni Banking Sector. This is the second project that YBC is working on with the support of Center for International Private Enterprise (CIPE) and the Middle East Partnership Initiative (MEPI) following the successful launch of the Yemeni Corporate Governance Guidelines on March the 29^th 2010.  In addition, the IFC played an important role in the organizing and facilitating corporate governance workshops and has expressed interest to contribute to this project with the Central Bank.