Yemen, Arab Monetary Fund sign agreement worth one billion dollars

President al-Alimi Praises Role of Dhalea People in Deterring Imamate Agenda, Defending Republican System

His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, met Saturday with a number of local authority leaders and military, security, political, and social figures from Dhalea Governorate, in the presence of the Prime Minister, Dr. Shaya Zindani.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

S. Korea's exports rise 33.9 percent in January

South Korea's exports jumped 33.9 percent year-on-year to reach $65.85 billion in January, driven by strong demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/08 Time 06:04:37
Latest News:

Republican Decree on Government Formation, Naming its Members Issued

Saudi Prigram Launches Education Stability Enhancement Initiative in Socotra

Al-Eryani Calls on United Nations to Protect Staff After Contract Terminations in Sana'a

Child injured by Houthi sniper's bullets southeast of Taiz

Speaker of Shura Council, French Ambassador discuss peace efforts in Yemen

Yemen, Arab Monetary Fund sign agreement worth one billion dollars

[27/11/2022 01:53]

Riyadh – Saba
Yemen signed an agreement with the Arab Monetary Fund to support a comprehensive economic, financial and monetary reform program for Yemen, worth one billion dollars.

The agreement was signed by Finance Minister Salem bin Breik, Governor of the Central Bank of Yemen Ahmed Ghaleb Al-Maabqi, and Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi, in the presence of Saudi Finance Minister Muhammad Al-Jadaan, and the Kingdom’s ambassador and general supervisor of the Saudi Program for the Development and Reconstruction of Yemen Muhammad Al Jaber.

The program aims to establish the foundations of economic, financial and monetary stability in Yemen, strengthen the state’s public finances and external position, rebuild its institutions and enhance its governance and transparency, in order to create the macroeconomic environment to expand and diversify the productive base, promote comprehensive and sustainable economic growth, and create job opportunities, leading to placing the Yemeni economy on a more sustainable track, advancing the process of economic and social development, and reducing unemployment and poverty rates.

Finance Minister Salem bin Breik stressed, in a press conference after the signing, the importance this program in implementing economic reforms in the matrix, raising and mobilizing resources and building capacities in the finance ministry or the central bank, and it also contributes to raising oil and non-oil revenues, which will be reflected in the Yemeni economy.