In a significant meeting held in Riyadh, President Dr. Rashad Mohammed al-Alimi convened the Economic and Humanitarian Crisis Management Committee to discuss the ongoing economic challenges facing Yemen amid escalating regional tensions. The meeting, attended by key government officials, including the Prime Minister and Minister of Foreign Affairs, Dr. Shaya Mohsen Zindani, focused on the implications of military developments on the country’s economy and humanitarian situation.
The committee included prominent figures such as the Governor of the Central Bank of Yemen, Ahmed Ghaleb Al-Maabqi, and various ministers responsible for finance, oil, transport, and aviation. They reviewed the current economic landscape, emphasizing the potential impact of regional conflicts on food supply chains, maritime shipping, and overall stability in Yemen.
During the discussions, officials provided updates on financial and monetary indicators, presenting response plans designed to mitigate the adverse effects of the ongoing security situation. These plans particularly addressed concerns regarding the availability and pricing of essential goods, including food, medicine, and fuel. Reports indicated that public finance performance and foreign reserves remain stable, with commodity stock levels deemed sufficient for the next four to six months.
President al-Alimi underscored the necessity of safeguarding livelihoods and the national currency while preparing for various potential scenarios that could arise from the conflict. He highlighted the importance of ensuring the continuity of public sector salary payments and the uninterrupted flow of essential imports.
The President also called for ongoing monitoring of economic measures and the submission of regular reports on market conditions and commodity availability. He emphasized the need for close collaboration with international partners to secure supply chains and combat threats such as terrorism and smuggling.
In light of these challenges, President al-Alimi expressed gratitude for the support from the Kingdom of Saudi Arabia, which has pledged new economic assistance amounting to SAR 1.3 billion. This funding aims to bolster public sector salaries and promote economic stability and recovery in Yemen.
