Source: The official website of President Dr. Rashad Al-Alimi
His Excellency President Dr. Rashad Mohammed Al-Alimi, President of the Presidential Leadership Council, along with Dr. Abdullah Al-Alimi, the Council Member, met today Monday, at the Ma’ashiq Presidential Palace, with Mr. Abu Bakr Ba’Abid, President of the Chamber of Commerce and Industry, and members of the chamber, in addition to businessmen. The meeting was in the presence of Mr. Hossam Al-Sharjabi, the Head of the Economic Team.
The meeting featured an open discussion with the president and members of the Chamber of Commerce and Industry, as well as representatives from the private sector, who expressed their commitment to supporting government decision-makers. They shared ideas and perspectives on various issues, emphasizing a responsible response to urgent economic developments and recent changes in the national currency’s status, aiming to mitigate its impacts and humanitarian consequences on citizens’ livelihoods.
During the meeting, the President of the Presidential Leadership Council emphasized the council’s and the government’s commitment to maintaining continuous communication with the private sector and the business community, as a leader for the development path across various sectors.
The president of the Presidential Leadership Council and the Council Member stressed the vital role of the private sector in supporting the national economy. Additionally they acknowledged its valuable interventions in alleviating the humanitarian suffering exacerbated by Houthi terrorist attacks on oil facilities and international shipping lanes.
In this context, His Excellency called on the commercial sector to support the government’s efforts to curb inflation, maintain service and commodity stability, improve the statue of the national currency, and mitigate the consequences of the monetary distortion imposed by the Houthi militias as an economic card of war.
The President of the Presidential Leadership Council presented a set of coordinated measures with all authorities to expedite the implementation of the economic rescue plan. These measures include necessary steps to contain the public budget deficit, deter currency speculators, monitor markets, and prevent monopolistic practices, aiming to mitigate the side effects of price fluctuations on living conditions.
In the meeting, the President of the Presidential Leadership Council reaffirmed the council’s and the government’s commitment to providing all necessary support to the private sector, enhancing its leadership role in the development process, and achieving economic stability and food security in the country.
