Yemen, Arab Monetary Fund sign agreement worth one billion dollars

Yemen’s Ambassador Discusses Strengthening Development Cooperation with Austrian Development Agency

Yemen’s Ambassador to Austria, Haytham Shoja'adin, met on Friday with the Director of the Austrian Development Agency, Bernd Brunner, to discuss ways to enhance and advance development cooperation between the two friendly countries.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/20 Time 10:07:10
Latest News:

Yemeni Leadership Condemns Attempts to Disrupt State Institutions and Vows to Maintain Order

Stability of Aden cornerstone for eliminating the coup—Lieutenant General al-Subaihi stressed

Government Holds its First Meeting

Yemeni Ambassador Explores Ways to Boost Cultural Cooperation with Indonesian Minister

Yemeni Ambassador Discusses Boosting Judicial Cooperation with Moroccan Prosecutor General

Yemen, Arab Monetary Fund sign agreement worth one billion dollars

[27/11/2022 01:53]

Riyadh – Saba
Yemen signed an agreement with the Arab Monetary Fund to support a comprehensive economic, financial and monetary reform program for Yemen, worth one billion dollars.

The agreement was signed by Finance Minister Salem bin Breik, Governor of the Central Bank of Yemen Ahmed Ghaleb Al-Maabqi, and Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi, in the presence of Saudi Finance Minister Muhammad Al-Jadaan, and the Kingdom’s ambassador and general supervisor of the Saudi Program for the Development and Reconstruction of Yemen Muhammad Al Jaber.

The program aims to establish the foundations of economic, financial and monetary stability in Yemen, strengthen the state’s public finances and external position, rebuild its institutions and enhance its governance and transparency, in order to create the macroeconomic environment to expand and diversify the productive base, promote comprehensive and sustainable economic growth, and create job opportunities, leading to placing the Yemeni economy on a more sustainable track, advancing the process of economic and social development, and reducing unemployment and poverty rates.

Finance Minister Salem bin Breik stressed, in a press conference after the signing, the importance this program in implementing economic reforms in the matrix, raising and mobilizing resources and building capacities in the finance ministry or the central bank, and it also contributes to raising oil and non-oil revenues, which will be reflected in the Yemeni economy.