The Chairman of the Leadership Council meets with representatives from the private sector.

On Monday, President Dr. Rashad Mohammed Alimi, head of the Presidential Leadership Council, met with Abu Bakr Baaboud, President of the Aden Chamber of Commerce and Industry, and chamber members at the Maashiq Palace. The meeting also included Dr. Abdullah Alimi, a member of the council, and Hossam Al-Sharjabi, head of the economic team.

Open Dialogue on Economic Challenges

During the meeting, participants engaged in an open dialogue about pressing economic issues. Chamber members and representatives from the private sector expressed their commitment to support government decision-makers. They shared ideas and insights on various challenges, particularly the recent fluctuations in the national currency and their humanitarian impact on citizens’ livelihoods.

Commitment to Collaboration with the Private Sector

President Alimi emphasized the council’s and the government’s dedication to ongoing communication with the private sector. He recognized the vital role that businesses play in driving development across multiple sectors. Both the President and Dr. Alimi highlighted the importance of private sector contributions to the national economy, especially in alleviating the humanitarian crisis exacerbated by Houthi attacks on oil facilities and international shipping routes.

Call for Support Against Inflation

In this context, the President urged the commercial sector to assist government efforts in curbing inflation and maintaining service and goods stability. He stressed the need to improve the national currency’s position and mitigate the effects of the economic division imposed by Houthi militias as a weapon of economic warfare.

Strategic Economic Rescue Plan

President Alimi outlined a coordinated set of measures designed to expedite the implementation of an economic rescue plan. He discussed necessary actions to address the public budget deficit, curb currency speculation, monitor markets, and prevent monopolies. These efforts aim to reduce the adverse effects of price volatility on citizens’ living conditions.

Facilitating Private Sector Growth

In closing, the President assured attendees of the council’s and government’s commitment to providing all necessary support to the private sector. He reiterated the importance of enhancing its role in the development process and achieving economic stability and food security in the country.

Attendees of the Meeting

The meeting also included Major General Saleh Al-Maqalih, Director of the Presidential Leadership Council Office, and Salem Salman, Deputy Minister of Industry and Trade.

This engagement highlights the ongoing collaboration between the government and the private sector in addressing Yemen’s economic challenges and fostering a stable future for its citizens.

 

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