The Chairman of the Presidential Leadership Council meets with the Prime Minister and the Central Bank Governor.

President Alimi Holds Key Economic Meeting in Aden

On Monday, President Dr. Rashad Mohammed Alimi, head of the Presidential Leadership Council, convened a significant meeting at the Maasheeq Palace in Aden. The gathering included Prime Minister Salem Saleh Bin Brek, Central Bank Governor Ahmed Ghaleb, and Economic Team Leader Hossam Al-Sharjabi.

Addressing Economic Challenges

The meeting focused on pressing local issues, particularly the economic and service conditions in the country. Participants discussed the fluctuations in the national currency and the necessary reforms to enhance government revenue. They also explored coordinated efforts to alleviate the humanitarian crisis affecting the nation.

Economic Performance and Spending Plans

During the discussions, attendees reviewed economic performance indicators and the approved spending plan. This plan aims to meet state obligations, including timely salary payments for employees and the sustainability of essential services. A critical point of concern was ensuring the availability of fuel for government electricity stations.

Updates on Financial Indicators

The Prime Minister, Central Bank Governor, and Economic Team Leader provided updates on financial and monetary indicators. They highlighted the ongoing halt in oil exports and its devastating impact on living conditions. The meeting also addressed measures to mitigate the consequences of the Houthi militia’s destructive actions on the national economy.

Urgent Measures for Energy Crisis

The Prime Minister outlined urgent decisions made in the recent Cabinet meeting to tackle the electricity crisis. These measures include providing emergency fuel supplies to power generation stations in Aden and increasing daily allocations of crude oil and diesel.

Commitment to Economic Reforms

President Alimi emphasized the need for intensified government efforts to meet state obligations and advance comprehensive reforms. He underscored the importance of strengthening the Central Bank’s role in managing monetary policy and utilizing its tools to curb inflation and support the national currency.

Ongoing Challenges and International Support

The President reiterated that economic and service issues remain the most significant challenges for the Council and the government. He acknowledged the vital support from Saudi Arabia and the United Arab Emirates, whose economic, developmental, and humanitarian interventions have been crucial in helping the state fulfill its obligations over the past years.

Conclusion and Recommendations

The meeting concluded with the approval of several measures and recommendations regarding the agenda items discussed. The Director of the President’s Office, Major General Saleh Al-Maqaleh, also attended the meeting.

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