The Import Financing and Regulation Committee approves the operational guidelines to initiate the executive team’s activities.

National Committee for Import Financing and Regulation Holds Third Meeting

The National Committee for Import Financing and Regulation convened its third meeting today, Sunday, at the Central Bank of Yemen’s headquarters in the temporary capital, Aden. The meeting, led by Central Bank Governor and Committee Chair Ahmed Ghaleb, included the participation of Minister of Industry and Trade, Deputy Chair Mohammed Al-Ashwal, along with other committee members.

Review of Preparations and Regulations

During the meeting, members reviewed the progress made in preparations for the committee’s operations. They discussed the approval of regulations and guidelines that will govern the committee’s activities and the appointment of the executive team.

Approval of Operational Guidelines

The committee approved a comprehensive operational guide outlining procedures for the executive team. This guide includes notifying commercial companies, banks, and exchange offices about the financing mechanism. Additionally, it details how to receive applications and the regulations governing import financing operations. The committee also plans to submit a report to the Prime Minister regarding goods that require import restrictions.

Executive Team to Begin Operations This Week

The executive team of the National Committee for Import Financing and Regulation will commence its duties this week. This marks a significant step toward enhancing the import financing framework in Yemen.

For further details, visit Yemen TV.

To follow the news in Arabic