Source: Prime Minister’s Office
Today, Thursday, His Excellency Dr. Rashad Mohammed Al-Alimi, President of the Presidential Leadership Council, held a meeting at Ma’ashiq Palace in the temporary capital, Aden, with the Crisis Management Committee for Economic and Humanitarian Affairs, chaired by Prime Minister Dr. Ahmed Awad bin Mubarak.
The meeting included the head of the economic team, Hussam Al-Sharjabi, Ministers of Foreign Affairs and Expatriates Dr. Shaya’ Al-Zindani, Transport Dr. Abdulsalam Hamid, Oil and Minerals Dr. Saeed Al-Shamasi, Deputy Governor of the Central Bank Dr. Mohammed Omar Banaja, Deputy Head of the Economic Team Othman Al-Hadi, Deputy Minister of Finance Hani Wahab, and the Chairman of Yemen Airways, Captain Nasser Mahmoud.
During the meeting, the Prime Minister provided a brief on the current economic situation, the necessary measures to control inflation, the public budget deficit, and price fluctuations in exchange markets, as well as in essential goods and services.
The briefing included economic, financial, and monetary indicators, along with recent changes in the national currency’s situation in light of the continued halt of oil exports, rising maritime shipping costs, and their catastrophic implications on living conditions, exacerbated by the terrorist attacks from the Houthi militias supported by the Iranian regime.
The meeting also heard a report on the activities of the Crisis Management Committee over the past period and a presentation on the challenges faced by Yemen Airways due to the Houthis’ ongoing hijacking of several of the company’s aircraft and seizure of its funds, and the risks ensuing from these arbitrary actions on the national carrier.
The meeting discussed current and potential economic and humanitarian scenarios, as well as the policies and measures needed to end monetary distortions, regulate exchange rates, maintain economic, service, and commodity stability, improve the state’s access to its general resources, and ensure the continued fulfillment of its obligations, moving forward with comprehensive reforms supported by regional and international communities.
In the meeting, the President of the Presidential Leadership Council urged for the acceleration in implementing the economic rescue plan, taking actions and measures aimed at enhancing the efficiency of public finance management and monetary policy, and limiting the repercussions of the monetary division imposed by the Houthi militias as an economic warfare tactic.
He emphasized full support for the Central Bank and its independence in managing monetary policy, urging all relevant entities to fully assume their responsibilities in implementing its banking policies, deterring currency speculators, and enforcing strict controls over service and essential commodity prices.
His Excellency the President highly valued the economic, developmental, and humanitarian support from brothers in the Legitimacy Support Coalition led by the Kingdom of Saudi Arabia and the United Arab Emirates, which played a crucial role in the state’s ability to meet its essential obligations and alleviate the humanitarian suffering of the Yemeni people.
