The leadership of the Central Bank of Yemen, headed by the Bank’s Governor, Ahmed Al-Mu’baqi, discussed today, in the capital, Aden, with a delegation from the World Bank headed by the Bank’s Regional Director for Yemen, Egypt and Djibouti, Stephane Guempert, aspects of the World Bank’s support for the Central Bank to build and develop its capabilities and enable it to carry out its functions efficiently. And high professionalism.

The Governor of the Central Bank welcomed the World Bank delegation... praising the World Bank’s support for the Central Bank to enhance its capabilities... reviewing economic developments, and their impact on macroeconomic indicators, especially growth and inflation rates, as well as poverty rates and performance indicators related to the state’s resources and expenditures, and the role of the Central Bank In securing resources from non-inflationary sources in light of the decline in foreign aid and the decline in the level of services provided to citizens.

For his part, the Regional Director of the World Bank stressed the World Bank’s keenness to provide possible assistance to the Central Bank in order to contribute to its development.

The meeting was attended by Deputy Governor of the Central Bank, Dr. Muhammad Banaja, Director of the World Bank in Yemen, Tanya Mayer, and a number of stakeholders from both sides.