[03/04/2026 06:26]

ADEN – SABA
Governor of the Central Bank of Yemen Ahmed Ghaleb has said that the International Monetary Fund (IMF) statement on the conclusion of Article IV consultations with the Republic of Yemen reflects an important return to institutional engagement with the international community after a long period of interruption, welcoming the content of the statement.

In remarks to the Yemeni News Agency (Saba) on Friday, the governor described the statement as confirmation of the efforts made to maintain a minimum level of economic stability and ensure the continuity of state institutions despite the exceptional circumstances facing the country.

He also praised the acknowledgment of the measures taken by the authorities in fiscal and monetary policy, which contributed to limiting the deterioration of conditions and laying the initial groundwork for gradual recovery.

The governor affirmed that the resumption of Article IV consultations represents a positive step toward deepening cooperation with the IMF and opening broader prospects for technical and financial support, contributing to strengthening economic stability and improving living conditions for citizens.

At the same time, he noted that challenges remain significant, emphasizing that the current phase requires continued adoption of realistic precautionary policies, strengthening governance, and proceeding with gradual and well-considered reforms that preserve stability and ease burdens on citizens.

He added that the risks highlighted in the IMF statement—particularly those related to regional developments and their impact on commodity and energy prices, as well as supply chains—constitute a real challenge, which authorities are addressing through balanced policies aimed at mitigating their effects on the national economy.

He also stressed that the Central Bank will continue to play its role in maintaining monetary stability, enhancing confidence in the banking system and ensuring the availability of essential goods, in coordination with government entities and international partners.

“The Central Bank will continue to pursue disciplined yet flexible monetary policies that take into account existing challenges and aim to maintain exchange rate stability and price levels as much as possible under the current conditions,” he said.

The governor concluded by reaffirming that achieving sustainable stability requires concerted national efforts and international support, enabling Yemen to overcome this difficult phase and move toward recovery.

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