Yemen PM seeks WB support for reviving economy

Prime Minister Receives Russian Ambassador

Prime Minister and Foreign Minister Dr. Shaya Zindani received Russian Ambassador to Yemen Evgeny Kudrov on Saturday to discuss bilateral cooperation and opportunities to expand ties between the two countries, particularly in the energy sector, as well as developments at the national, regional, and international levels.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/14 Time 02:22:51
Latest News:

Yemen Wins Governing Board Seat on Pandemic Fund

Yemen Participates in Arab-Greek Health Conference

President al-Alimi Reviews Circumstances of Aden Shooting Incident, Directs Completion of Investigations

Tareq Saleh Meets EU Ambassador

Al-Mahrami Meets EU Ambassadors, Calls for Designating Houthi Militias Terrorist Organization

Yemen PM seeks WB support for reviving economy

[09/05/2017 06:32]

Riyadh, (Saba)- Prime Minister Ahmad Obeid bin Daghr discussed Tuesday with the Country Director of the World Bank for Egypt, Yemen and Djibouti Asa'ad Alam supporting Yemen's legal government to achieve economic revival and efforts for activating the Central Bank of Yemen to realize financial stability and decrease inflation high levels.

The meeting dealt with a number of financial and technical policies to reduce effects of the war in Yemen over Houthi-Saleh's coup against legitimate authority. Future cooperation for supporting reconstruction and current operations of the WB in Yemen in accordance with urgent needs in humanitarian field and emergent assistants were also discussed.

Bin Daghr, who highly valued the WB's support to Yemen to alleviate aftermaths of the war being waged by Houthi-Saleh's militias, reviewed plans and programs of his government during this exceptional period to deal with war's consequences on economic and humanitarian levels.

The decision of the government last September to transfer the central bank to the interim capital of Aden comes after militias depleted its foreign reserve and the move aimed at banning complete collapse of the national economy and its catastrophic affects, said bin Daghr.

He noted that Houthi-Saleh Alliance continue rejection of handing over revenues to the bank and instead used them for what they called war effort to kill Yemeni people, calling the UN, international community and international funds to put pressure on them to hand over revenues so that the legal government preforms its duties to all Yemenis.

For his part, Alam thanked the legal government for paying the postponed funds Yemen is committed to pay, confirming keenness of improving cooperation with the government in reviving program.

Two financial transactions to Yemen have been signed worth USD 280 million; the first 200 million for supporting financial funds and the second 80 million for facing malnutrition in the country, he said, adding that they will be ratified during the forthcoming two weeks.

He noted that the funds of the financial transactions will reach USD 800 million, a fund is not enough in this period but he added that the WB will work with a number of countries to cover Yemen's needs currently and on the future.