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Finance Minister, US Ambassador discuss American govt's efforts to manage economic hardships

[21/03/2023 06:06]

ADEN - SABA
Minister of Finance Ministry Salim bin Bureik and U.S. Ambassador to the Republic of Yemen Steven Fagin discussed today, Tuesday, in the temporary capital Aden the American support for the government's efforts to carry out a package of financial reforms and policies in order to manage the economic and financial challenges.

Bin Bureik welcomed Mr. Fagin in Aden, on his third trip to the interim capital, detailing him on the economic situation in-general and the Public Finance situation in-particular, citing the financial challenges and the government's efforts aiming to cope with these challenges.

The Minister blamed Iran-backed Houthi militias' attacks on oil seaports for exacerbating the economic hardships amid the cessation of oil experts which make up more than 60% of the State's general budgets revenues.

Bin Bureik praised the United States' significant support for the Yemeni government's efforts, underscoring the need for further American assistance to prop up the Public finance.

The American Ambassador restated that his administration will continue to support Yemen to contribute toward alleviating the peoples' suffering and to sustain the government's institutional capacities in order to overcome the economic and financial challenges.