[28/09/2025 01:46]

AMMAN - SABA
Prime Minister Salem Saleh bin Braik opened Sunday the meetings to resume Article 4 consultations between the government of Yemen and the International Monetary Fund, with wide participation from the Fund's team and economic experts, and the presence of ministers and officials of the relevant government agencies.

The Prime Minister delivered a speech via video call, addressed to the participants in the consultations held in the Jordanian capital, Amman, at the beginning of which he expressed his sincere thanks and appreciation for the International Monetary Fund's response to the Yemeni government's call to resume Article IV consultations according to the agreed upon timetable, after a break that lasted more than a decade due to the exceptional circumstances the country is going through.

He reviewed the challenges and difficulties facing the national economy and the successive internal and external shocks due to the war imposed by the terrorist Houthi militia, which resulted in the continued contraction of the gross domestic product and the worsening deficit in the internal and external balances as a result of the continued cessation of oil exports, the decline in foreign aid and grants, the cessation of loans and the small non-oil revenues.

The Prime Minister stressed that these consultations come at a very important time for Yemen, in light of the government's efforts aimed at enhancing economic and monetary stability and intensifying structural reforms that have begun to achieve positive indicators in terms of the stability of the national currency exchange rate and the decline in inflation rates.

He stressed that the government is continuing to implement a package of financial, administrative and structural reforms, in parallel with its plans to enhance the efficiency of public spending, expand local revenues, and improve the business environment, in a way that enhances the confidence of regional and international partners and creates conditions for a sustainable economic recovery led by the private sector.

At the opening, which was attended by the Executive Director of the International Monetary Fund, Mohammed Maait, the Head of the IMF Mission Esther Breeze and the Fund's Resident Representative, Mohammed Jaber, the Fund's representatives praised the measures taken by the Yemeni government to improve financial management and enhance monetary stability.

Emphasizing the Fund's readiness to continue providing technical and advisory support to support the government's efforts to restore economic growth and achieve stability.

---