The annual consultative meetings between the Yemeni side and the International Monetary Fund concluded today in the Jordanian capital, Amman, in the presence of senior Yemeni officials and Fund experts.

Discussing economic challenges and reforms:

During the meetings, which lasted for 5 days, the two sides discussed the various economic challenges facing Yemen, and ways to enhance reforms in various fields.

The cessation of oil exports hinders economic activity:

The meetings confirmed that stopping oil exports due to Houthi attacks hinders economic activity and restricts the government’s budget and foreign reserves.

Linking economic improvement, peace and reforms:

The meetings stressed that improving economic prospects in Yemen is linked to progress in the peace talks and continued commitment to comprehensive reforms.

The importance of financial sector stability and combating money laundering and terrorist financing:

The need to stabilize the financial sector, adhere to anti-money laundering and terrorist financing standards, and support external financing to achieve economic stability and address the humanitarian crisis was emphasized.

Assistant Undersecretary to the Bank’s Governor for Studies and Statistics speaks to “Scope 24”:

In addition, Bassam Saleh Othman, Assistant Undersecretary to the Governor of the Bank for Studies and Statistics, spoke about his participation in the consultative meetings between the World Bank, the Central Bank mission, and the Ministry of Finance, where Bassam focused on the cessation of oil exports, which cast a shadow on the deteriorating conditions in addition to the ongoing conflicts and the collapse of... for the economy, stressing the need for Yemen to obtain external financing for the purpose of paying salaries and providing basic services.

Stressing that the country is going through a critical economic situation and donors must stand with the government to provide sustainable projects that benefit the economy and employ the workforce, in order to move the wheel of the economy and stop the deterioration of the local currency as an urgent need to control the situation.