The Chairman of the Leadership Council meets with the Crisis Management Committee to discuss responses to regional developments.

President Alimi Meets Economic and Humanitarian Crisis Management Committee

On Wednesday, President Dr. Rashad Mohammed Alimi, head of the Presidential Leadership Council, convened a meeting with the Economic and Humanitarian Crisis Management Committee. The meeting included Prime Minister and Minister of Foreign Affairs Dr. Shaea Mohsen Al-Zandani, who also chairs the committee.

Key Attendees

The meeting featured several prominent figures, including:

• Ahmed Ghaleb Al-Mabqi, Governor of the Central Bank of Yemen
• Hossam Al-Sharjabi, Head of the Economic Team
• Marwan Bin Ghanem, Minister of Finance
• Mohammed Bamqah, Minister of Oil and Minerals
• Mohsen Al-Amri, Minister of Transport
• Captain Nasser Mahmoud, Chairman of Yemen Airways

Discussion on Economic Conditions

The committee discussed the latest developments in Yemen’s economic, service, and humanitarian situations. They focused on the unprecedented military escalation in the region and its potential impacts on food supply chains, maritime shipping, and the overall conditions in the country.

Economic Briefings

During the meeting, the Prime Minister, Central Bank Governor, and committee members provided briefings on the current economic landscape. They highlighted financial and monetary indicators, as well as response plans aimed at mitigating the immediate effects of regional security developments. Key areas of concern included food, medicine, fuel supplies, and the prices of essential goods and services.

Positive Economic Indicators

The briefings revealed reassuring indicators regarding public finances and foreign reserves. Reports indicated that stock levels remain stable, sufficient for 4 to 6 months, thanks to economic and financial interventions from Saudi Arabia.

Commitment to Economic Stability

President Alimi emphasized the importance of protecting livelihoods and the national currency. He urged the committee to minimize the country’s exposure to the economic repercussions of conflict. He stressed the need for full readiness to address any potential scenarios, ensuring the state meets its obligations, particularly in paying employee salaries and maintaining the flow of essential goods and imports.

Continuous Monitoring and Collaboration

The President directed the committee to continuously monitor and update economic plans and procedures. He called for regular reports on market indicators and stock levels. Additionally, he highlighted the importance of working closely with regional partners and international allies to secure maritime routes, supply chains, and combat terrorism and smuggling.

Appreciation for Saudi Support

In this context, President Alimi expressed gratitude for Saudi Arabia’s supportive stance alongside the Yemeni people and their leadership. He acknowledged the Kingdom’s ongoing responses to governmental challenges, including a new economic support package of 1.3 billion Saudi Riyals aimed at covering state employee salaries and bolstering economic stability and recovery.

Conclusion

Dr. Yahya Al-Shaibi, Director of the Presidential Office, also attended the meeting, underscoring the collaborative efforts to address Yemen’s pressing economic and humanitarian challenges.

For more updates, visit Yemen TV.

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