National delegation meets WB team on Yemen

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National delegation meets WB team on Yemen

[12/04/2019 05:24]

WASHINGTON -SABA
Yemen's delegation participating in the spring meetings of the World Bank headed by Minister of Planning and International Cooperation Najeeb Al-Awj met the Yemen office team at the World Bank Group in Washington here today.

In the presence of Minister of Finance Ahmed Obaid Al-Fadhli and the Governor of the Central Bank of Yemen Hafedh Mi'ayad the delegation's head reviewed the government's priorities of economic recovery and reconstruction.

The finance minister stressed the importance of financing the budget deficit from non-inflationary sources, the importance of donor support in the field of public salaries and the continuation of social welfare program.

The central bank governor also stressed the importance of the World Bank's contribution to strengthening the central bank's main tasks aimed at achieving a stable money exchange rate by channeling aid from the international community through official financial channels, controlling exchange rates and stabilizing commodity prices in local markets.

The central bank governor pointed out to the importance of strengthening cooperation with the World Bank in re-activating the project of developing the central bank's infrastructure to ensure the bank's ability to supervise all financial transactions and introduce modern electronic payment systems.