Source: Saba News Agency
Ahmed Ghaleb Al-Ma’abqi, Governor of the Central Bank of Yemen, met with the U.S. Special Envoy to Yemen, Tim Lenderking.
The Central Bank Governor reviewed the negative repercussions of the ongoing events in the region and the world on Yemen’s economic conditions, which are suffering from an unprecedented humanitarian crisis due to the war ignited by the terrorist Houthi militias ten years ago, whose effects have intensified with attacks on ports and oil tankers, cessation of exports, and Yemen being deprived of its most important resources.
Al-Ma’abqi discussed the impacts of developments in the Red Sea and their reflections on transportation and insurance costs, creating difficult and unsustainable economic and humanitarian conditions amid the international community’s reluctance to fulfill its duties and commitments, and due to the absence of any prospects for peace because of the Houthi militias’ intransigence.
For his part, the U.S. Envoy expressed his understanding of the situations and difficulties Yemen is facing, reaffirming continued support for the Yemeni people and Yemen. He pointed to the reforms undertaken by the Central Bank and the necessity to support these reforms to enable it to perform its functions and duties in service of the Yemeni people, and to enhance mechanisms for integrating Yemen’s financial and banking sector into the regional and international financial system.
