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PM arrives in Cairo to supervise a workshop organized by the Economic Committee

[21/09/2018 04:09]

CAIRO-SABA
Prime Minister Dr Ahmed Obeid Bin-Dagher arrived in Cairo Friday to open and supervise a workshop organized by the Economic Committee. A body established by republican decree to manage the economic challenges the country has been struggling with.

The workshop aimed to discuss the mechanisms and urgent executive measures and procedures need to be taken to save the national economy and maintain the value of national currency.

Representatives from the UN, the USAID, EU Mission and several specialist organizations and representatives of the Yemeni banking sector and businessmen are contributing to the workshop.

In a statement to the Yemeni News Agency (Saba) Dr Bin-Dagher praised the generous support by the Kingdom of Saudi Arabia headed by Custodian of the Two Holly Mosques King Salman bin Abdulaziz and his Crown Prince, Prince Mohammed bin Salman. He cited the $2 billion deposit in the Central Bank of Yemen and the $60 million royal donation to support electricity stations as a case in point for the Saudi financial support to Yemen.

He said:" Houthi militia war on the state and its coup against the legitimate authority, looting the reserves of foreign currency of $5.2 billion and two trillions of Yemeni Rial (YR) resulted in economic disaster, the country entered in dark tunnel, Yemeni people struggling with extremely hardishps. Under instructions by President Hadi, backed by brothers and friends we're seeking to explore urgent economic solutions to mitigate the Yemeni peoples' suffering and regain the value of the YR".

The Prime Minister added:" Economic deterioration won't stop but by joint efforts and action. We call on everybody to support the government, end the coup and restore the State, pressuring the militia to bring all revenues to the Central Bank of Yemen and resuming oil export so that the State can do its job in the south and north of the country".