The Governor of the Central Bank and the Minister of Planning discuss with the IMF the economic and humanitarian impacts of militia escalation.
- The Central Bank Governor and Planning Minister met with IMF officials in Bangkok.
- They discussed economic and humanitarian impacts due to Houthi militia escalation.
- The IMF's Staff-Monitored Program aims to restore Yemen's economic stability.
- Officials stressed the urgent need for increased external support to assist citizens.
Central Bank Governor Discusses Economic Challenges with IMF Executive
The Governor of the Central Bank of Yemen, Ahmed Ghaleb Al-Mabqi, and the Minister of Planning and International Cooperation, Mohammed Al-Faqmi, met with the Executive Director of the Arab Group and Maldives at the International Monetary Fund (IMF), Dr. Mohammed Maait. They discussed the current situation in Yemen amid the escalating actions of Houthi militias across various fronts. This escalation has led to significant economic and humanitarian repercussions, including an increase in the number of displaced individuals and mounting pressure on public resources.
Meeting Highlights at IMF Annual Meetings
The meeting took place during the 2026 annual meetings of the IMF and the World Bank in Bangkok, Thailand. The officials reviewed the next steps following the IMF’s approval of the Staff-Monitored Program (SMP). This program aims to support the Yemeni authorities in restoring economic and financial stability, enhancing public financial sustainability, maintaining price and exchange rate stability, and improving the management of monetary and fiscal policies.
Acknowledgment of Support and Future Cooperation
During the discussion, both the Governor and the Minister praised the efforts of the IMF team for their support and assistance to Yemen. They expressed appreciation for the IMF’s commitment to representing Yemen’s interests and enhancing cooperation to support the Yemeni authorities in addressing economic and financial challenges. They also expressed their eagerness to continue collaboration and coordination in the upcoming phase.
Urgent Need for Increased External Support
The Governor and the Minister emphasized the urgent need to bolster external support. This support is crucial for enabling state institutions to meet emergency obligations, ensure the continuity of essential services, and alleviate the suffering of citizens.
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