Dep. minister of planning, IFAD discuss the fund's interventions for this year
Deputy Minister of Planning and International Cooperation Dr. Nizar Basuhayb held talks with a team from the International Fund for Agricultural Development in Yemen (IFAD) headed by the Fund’s Regional Director Tawfiq El-Zabri on the Fund’s interventions for the current year.
BAKU-AZERBAIJAN: Bulgaria, Azerbaijan Sign Declaration of Strategic Partnership
Presidents Rumen Radev of Bulgaria and Ilham Aliyev of Azerbaijan signed a declaration on strategic partnership between the two countries in Baku on Wednesday.
Gallup poll shows 63% of working Bulgarians satisfied with their jobs
About 63% of working Bulgarians are satisfied with their jobs, 12% are dissatisfied, and 22% stand somewhere in-between, shows a survey conducted by the Gallup International polling agency, which was published on Tuesday.
Spain reaches the final of the European Nations League and sets a date with Croatia
The Spanish national team reached the final match of the European Nations League, after defeating Italy with two goals to one in the semi-finals of the tournament, to set a date in the final match with the Croatian national team, which succeeded in reaching the same role by defeating the Netherlands.
User Name: Password:
Finance Minister, EU ambassadors discuss economic support
[20/12/2021 12:15]
Minister of Finance Salem Bin Breik discussed, via video communication, with the ambassadors of the European Union, aspects of economic and financial support and efforts to alleviate human suffering.

The meeting touched on the challenges facing the national economy and public finance, and the dire effects that resulted from the fluctuation of exchange rates and the catastrophic effects that resulted especially those related to livelihood and service aspects, as well as efforts to enhance aspects of cooperation and joint coordination between the two sides.

Minister Bin Breik reviewed the challenges at the macroeconomic level in general and public finance in particular, and the exacerbation of those challenges and difficulties until the national economy was about to collapse, praising the support of the European Union ambassadors in order to reach a stable and prosperous future for Yemen.

The Minister said, “The decline in the price of the national currency against foreign currencies is one of the biggest challenges, as the ceiling of the exchange rate of one dollar exceeded 1500 riyals in 2021 AD, an increase of 100 percent over the year 2020, and this rise had dire effects in high inflation rates and high unemployment rates below the poverty line. and increase in human suffering.

He referred to the European Union's support for many projects and programs that contribute to achieving economic recovery, such as the joint program to enhance economic resilience and food security and supporting institutions at the central and local levels, the program to enhance livelihoods by contributing to the financing of cash-for-work projects, and supporting programs related to strengthening social safety by supporting and improving methods of building local security and the judiciary.

The Minister of Finance referred to the financial reforms and policies that the ministry has begun implementing in order to sustain public finances and stabilize the economic situation, which included working to improve non-oil revenues by implementing some financial policies, especially with regard to re-pricing the customs dollar rate from 250 riyals to the dollar to 500 riyals.

Dep. minister of planning, IFAD discuss the fund's interventions for this year
Geneva: Yemen takes part in Arab Health Ministers Conference
Yemen denounces Israeli entity's massacre in Rafah City's camp
Tariq Saleh : Customs services need to control smuggling, improve revenues
Council of Ministers discusses practical measures to manage economic hardships
PM receives UNESCO's delegation in Aden
President al-Alimi receives UK Ambassador to Yemen
Yemen welcomes IJC's decision to stop military attack on Rafah
Maj. General al-Zubaidi confers with French Ambassador over humanitarian situation, peace process
Maj. Gen. al-Zubaidi highlights need for the government to undertake responsibility in salvaging economic situation

About Saba News Agency | Usage Agreement | Contact Us