Yemeni government concludes talks with WB on financial policies

Yemen welcomes French President's announcement to recognize a State for Palestine

The Republic of Yemen welcomed the announcement by French President Emmanuel Macron regarding France's intention to officially recognize the State of Palestine.

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.

Korea's exports shrinks 2.2 percent

South Korea's exports decreased by 2.2 percent year-on-year in the first 20 days of July.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/25 Time 04:29:25
Latest News:

President al-Alimi condoles on victims of Russian Plane Crash

Al-Mahrami: Gas, oil derivatives delivery mechanism should be constantly monitored

Al-Soqatri, Badhib discusses with IFAD, FAO rural livelihood project

Minister of Local Administration discusses support for development efforts with UNDP

Deputy FM, Kuwait Ambassador Discuss Bilateral Relations and Regional Issues

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.