Government team discussed with World Bank delegation ways to strengthen partnership expand development projects
A meeting held Monday chaired by Minister of Planning and International Cooperation and Yemen’s Governor to the World Bank Dr. Afrah al-Zouba and attended by a high-level World Bank delegation led by the Bank’s Vice President for the Middle East, North Africa, Afghanistan and Pakistan Ousmane Dione discussed ways to enhance partnership and expand support across development, humanitarian, service, and economic sectors in the country.
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2026/03/31
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Latest News:
Yemen Embassy Chargé d’Affaires discusses strengthening bilateral relations with South African official
Al-Subaihi stresses the need to double the provision of services to citizens in Abyan, tightening security
Al-Alimi praises Yemeni crowds expressing support for Saudi Arabia, Gulf states against Iranian aggression ..
Deputy Chief of Staff discusses with international expert child recruitment
Presidential Leadership Council member al-Subaihi receives Vice President of WB in Aden
CBY Governor: Yemen has lost more than $6 billion within the recent 30 months
[24/10/2024 05:04]
WASHINGTON - SABA
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
Key words:
transportation - deliberations - repercussions - international - unprecedented - humanitarian - government's - Minister - developments - experiencing -
Government team discussed with World Bank delegation ways to strengthen partnership expand development projects
Yemen Embassy Chargé d’Affaires discusses strengthening bilateral relations with South African official
Al-Subaihi stresses the need to double the provision of services to citizens in Abyan, tightening security
Al-Alimi praises Yemeni crowds expressing support for Saudi Arabia, Gulf states against Iranian aggression
Deputy Chief of Staff discusses with international expert child recruitment
Presidential Leadership Council member al-Subaihi receives Vice President of WB in Aden
Amb. Bahumaid confers with Malaysian Deputy Foreign Minister bilateral cooperation
Vice Foreign Minister holds meeting with Yemeni Ambassadors in Europe
Prime Minister receives Vice President of WB in Aden
Torrential rains in Taiz cause deaths of 15 people, widespread material losses 
