[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.
President al-Alimi receives Director of Middle East Department at German Foreign Office
Government welcomes UN Special Envoy's announcement
Ambassador Al-Saadi, Sierra Leone's UN representative discuss latest developments in Yemen
Leadership Council chairman receives chief of EU mission and German ambassador
Leadership Council chairman receives Chinese Chargé d'Affairs to Yemen
Health Minister, Kuwaiti Aid Society discuss enhancing cooperation
US imposes new sanctions on two individuals and five entities affiliated to Houthi militia
The Presidential Leadership Council discusses local developments
Civilian killed by Houthi-laid landmine in western Yemeni governorate Hodeidah
Planning minister appreciates ESCWA support to Yemen