Yemen, Arab Monetary Fund sign agreement worth one billion dollars

Taiz Governor discusses with UN Resident Coordinator solutions to alleviate water crisis

Taiz Governor Nabil Shamsan discussed Saturday with the UN Resident Coordinator and Humanitarian Coordinator in Yemen Julian Harness solutions to alleviate water crisis in the governorate.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/06/21 Time 08:43:55
Latest News:

Foreign Minister discusses ways to enhance bilateral relations with his Malaysian counterpart

Al-Eryani welcomes new U.S. sanctions on networks linked to Houthi Terrorist Militia

Al-Eryani: Iran and Its Militias Undermine Arab Stability

Foreign Minister Arrives in Istanbul for participation of OIC's session

Tariq Saleh discusses health situation in Western Coast with MSF delegation

Yemen, Arab Monetary Fund sign agreement worth one billion dollars

[27/11/2022 01:53]

Riyadh – Saba
Yemen signed an agreement with the Arab Monetary Fund to support a comprehensive economic, financial and monetary reform program for Yemen, worth one billion dollars.

The agreement was signed by Finance Minister Salem bin Breik, Governor of the Central Bank of Yemen Ahmed Ghaleb Al-Maabqi, and Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi, in the presence of Saudi Finance Minister Muhammad Al-Jadaan, and the Kingdom’s ambassador and general supervisor of the Saudi Program for the Development and Reconstruction of Yemen Muhammad Al Jaber.

The program aims to establish the foundations of economic, financial and monetary stability in Yemen, strengthen the state’s public finances and external position, rebuild its institutions and enhance its governance and transparency, in order to create the macroeconomic environment to expand and diversify the productive base, promote comprehensive and sustainable economic growth, and create job opportunities, leading to placing the Yemeni economy on a more sustainable track, advancing the process of economic and social development, and reducing unemployment and poverty rates.

Finance Minister Salem bin Breik stressed, in a press conference after the signing, the importance this program in implementing economic reforms in the matrix, raising and mobilizing resources and building capacities in the finance ministry or the central bank, and it also contributes to raising oil and non-oil revenues, which will be reflected in the Yemeni economy.