Finance Minister Salem Bin Brik and Central Bank Governor Ahmed Ghaleb Al-Maqbi participated today in the meeting of central bank governors and finance ministers in the countries of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, held in Washington, DC.

During the meeting, which was chaired by the Director General of the International Monetary Fund, Ms. Kristalina Georgieva, the Governor of the Central Bank touched on the unprecedented humanitarian crisis that Yemen is experiencing due to the war that is approaching the completion of its tenth year, and because of the unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.

He pointed out that Yemen lost more than six billion dollars of its own resources during the past thirty months alone, as a result of the cessation of oil and gas exports due to the terrorist Houthi militia’s attacks on oil ports and tankers, in addition to targeting international navigation in the Red Sea, which doubled the cost of transportation.

The Governor of the Central Bank called for the need to provide urgent support to Yemen and to benefit from the financing programs provided by the Fund to countries going through similar crises and the most fragile countries.

The meeting was attended by a number of agents of the Central Bank and the Ministry of Finance.