[01/04/2026 06:18]
Aden – Saba
Prime Minister and Minister of Foreign Affairs and Expatriates, Dr. Shaya Zindani has affirmed the government’s full support for the independence of the Central Bank of Yemen and its empowerment to carry out its pivotal role in achieving financial and monetary stability, enhancing confidence in the national economy.
This came during a meeting held Wednesday by the Prime Minister with the Board of Directors of the Central Bank of Yemen, chaired by the Governor of the Bank, Ahmed Ghaleb al-Maabqi.
The meeting discussed the latest financial and monetary developments and the priorities for the next phase in light of the current economic complexities.
The Prime Minister listened to a comprehensive briefing from the Central Bank Governor on the key developments during the first quarter of the current year.
This included performance indicators in internal and external balances, the level of public budget implementation, the volume of foreign reserves, as well as existing obligations and prospects for addressing them, in light of the repercussions of regional crises and their impact on transportation and insurance costs, as well as energy and essential commodity prices.
He also reviewed the outcomes of the Central Bank Board’s third session, including decisions aimed at developing monetary policy tools and enhancing institutional efficiency led by proposed solutions to the liquidity shortage issue and available options to address it based on sound economic principles that take into account market requirements and current challenges.
The Prime Minister was also briefed on the results of the Executive Board discussions regarding the International Monetary Fund mission report on Article IV consultations with the Republic of Yemen, including its assessments and recommendations supporting the path of economic reforms and strengthening efforts to achieve financial stability.
The Prime Minister reaffirmed that the government will continue to provide all forms of support to the Central Bank, in a way that enhances its decision-making independence and strengthens its tools in managing monetary policy.
He stressed the importance of integration between fiscal and monetary policies to address current challenges and achieve economic recovery.
For his part, the Central Bank Governor expressed appreciation for the support of the Presidential Leadership Council and the government, affirming that this support represents a fundamental pillar for enabling the bank to perform its duties efficiently and independently, and to move forward in implementing policies that contribute to improving economic indicators and consolidating stability in the coming period.
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