[26/06/2024 01:10]
PARIS - SABA
The Republic of Yemen participated Wednesday in the 11th Annual Forum of the Paris Club countries for the year 2024 with a delegation headed by the Minister of Finance, Salem bin Buraik.
The round table sessions at the forum, with the participation of the Head of the Technical Office at the Ministry of Planning and International Cooperation, Engineer Shuaib Al-Saghir, discussed a number of files, including sovereign debts in the context of the global economy, the axes that must be taken into account, especially the global economic environment, positive developments, debt restructuring, as well as ensuring successful debt resolution, and the importance of the roles of international financial institutions in supporting debt restructuring processes, as well as the conditions of the common framework agreed upon by the G20 countries according to the Paris Club creditors.
Finance Minister bin Buraik addressed the great and exceptional economic and humanitarian challenges facing the country due to the continuation of the war ignited by the Iran-backed Houthi rebel militia.
He stressed the importance of the international community's support to assist in addressing the sovereign debts of fragile states comprehensively and flexibly, in coordination between the concerned parties, expressing the government's appreciation for the efforts made within the framework of the common framework and the Paris Club to address debt issues.
The Minister also reiterated the importance of taking into account the special circumstances of fragile and conflict-affected states in any debt restructuring initiatives, as well as the need to enhance coordination between official and commercial creditors to ensure a comprehensive and fair resolution of debts.
He pointed out to the need to take into account the special needs of fragile states, including our country Yemen, such as the requirements of reconstruction, peacebuilding, and achieving sustainable development goals, as well as intensive capacity-building programs in debt management, and the development of mechanisms to improve debt transparency.
Aden Governor Discusses Progress of Projects Implemented by Kuwaiti Direct Aid Society
Minister of Higher Education Discusses Preparations for First International Conference on Digital Transformation
Minister of Human Rights discusses with Civic Center coordination to protect civilians
"MASAM" removes 2676 of Houthis-laid landmines, UXO in a week
Minister of Defense chairs meeting with senior military officials, commanders in Aden
Yemen-Indonesia Discuss Parliamentary Ties
Yemen-Syria Discuss Economic Cooperation
Yemen Supports Kuwait's Sovereignty Over its Maritime Areas and Elevations
Presidential Leadership Council Affirms Full Support for Government's Program, Praises Saudi Efforts
Minister of Transport sets priorities for current stage