Government's delegation, IMF discuss economic, humanitarian developments

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Government's delegation, IMF discuss economic, humanitarian developments

[22/04/2025 12:10]

WASHINGTON-SABA
The Finance Minister Salem bin Braik and Governor of the Central Bank of Yemen (CBY) Ahmed al-Mobaqi held discussions today, Tuesday, in Washington D.C., with the head of the International Monetary Fund (IMF) mission to Yemen Esther Ruiz on the latest developments in the economic and humanitarian situations.

The discussions, which come within the participation of the Yemeni delegation in the spring meetings of the World Bank (WB) Group and the IMF for the current year 2025, touched on the multiple challenges faced by fiscal, monetary and public financial policies in light of the continued sharp decline in the state's public revenues, due to the cessation of crude oil production and export and the increasing demand for foreign currency to cover the commodity import bill and the subsequent negative effects of this.

The deliberations also focused on the government's handling of the US administration's decision in late January to classify the Iranian-backed Houthi terrorist militia as a "Foreign Terrorist Organization."

In the same context, a 3-day workshop began in Washington today, with the participation of the Minister of Finance, the Governor of the CBY and the head of the IMF mission to Yemen on Article IV consultations aimed at enhancing economic and financial stability, the latest developments and financial and monetary policies, Yemen's indebtedness, and technical support needs in Yemen, in light of the