Yemeni government concludes talks with WB on financial policies

Presidential Leadership Council reviews national, regional developments

The Presidential Leadership Council (PLC) held a meeting Today, Thursday, presided over by His Excellency President Dr. Rashad al-Alimi, Chairman of the Council, with the presence of its members Aidarous al-Zubaidi, Dr. Abdullah al-Alimi, Othman Mujalli and via video conference Tariq Saleh and Abdul Rahman al-Mahrami, while Council members Sultan al-Aradah and Faraj al-Bahsani were absent with excuse.

Bulgaria, Romania, Austria to sign declaration supporting Bulgaria's accession to Schengen by land

Bulgaria’s Caretaker Prime Minister has said that on Friday, November 22, the interior ministers of Bulgaria, Romania and Austria will sign a declaration supporting the full membership of Bulgaria to the Schengen Zone.

S. Korea's exports rise up 5.8 percent

South Korea's exports rose 5.8 percent year-on-year in the first 20 days of November, driven by strong global demand for semiconductors and ships.

Portugal beats Poland 5-1 qualifying for knockout stages of UEFA Nations League

Portugal qualified for the knockout stages after of UEFA National League after defeating Poland 5-1.

Last Update: ، 2024/11/21 Time 08:37:09
Latest News:

Al-Zubaidi: Australia's designation Houthis, terrorist group supports international unity against terrorism

Al-Aradah discusses military developments with advisor of UN envoy for Yemen

CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

Yemen signs an agreement with Arab League to organize goods transport on highways

PM receives Chinese Chargé d'Affaires to Yemen

Yemeni government concludes talks with WB on financial policies

[03/06/2021 07:33]

ADEN - SABA
The final release of talks between the government of Yemen and World Bank's mission to Yemen issued by the Central Bank of Yemen's Technical Team confirmed that the war in Yemen led to sharp drop of the price of Yemeni Rial and rising food prices.

In the talks held through Video Conferencing started on May 24 and concluded Thursday June,3, a number of vital issues associated with cash and financial policies.

The conflict in Yemen during the past six years has demolished foundations of Yemen's economy and created severe humanitarian crisis affected 24 million Yemeni people accompanied by foreign support deterioration, exhausting of reserve of foreign currency and negative effect of corona pandemic, which led to reduction of expatriates' remittances, said the release.

The release pointed out that increasing of local resources will have significant results in realizing economic stability, stressing necessity of reconstructing institutional capabilities and improving government's policies and boosting governance and transparency to encourage foreign financial support.