Badhib: The economy lost about 50 percent of its gross domestic product
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The Minister of Planning and International Cooperation, Waed Badib, confirmed that the economy has lost about 50 percent of its domestic product over the past years, and poverty rates have risen to eighty percent of the population.
Badhib said - during a consultative meeting organized by the ministry in Aden with European Union ambassadors and donors to discuss the draft of the first voluntary national report for the current year on the sustainable development goals - that the value of the national currency has deteriorated by about seven hundred percent, in addition to the worsening humanitarian crisis, as a result of the cessation of production and export. Oil due to Houthi militia attacks.
He stressed the importance of partnership and concerted local and international efforts in order to achieve sustainable development goals, support economic recovery, and improve basic services.
For their part, the United Nations and the European Union affirmed their support for development efforts in Yemen and helping the government face the challenges