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

President Alimi Evaluates Economic Reforms in Yemen

On Sunday, President Dr. Rashad Mohammed Alimi, head of the Presidential Leadership Council, convened a meeting with Prime Minister Salem Saleh Bin Brek and Central Bank Governor Ahmed Ghaleb. The discussion focused on assessing the implementation of the Presidential Council’s decision regarding comprehensive economic reforms and enhancing financial and administrative discipline at both central and local levels.

Government Efforts to Streamline Revenue Collection

During the meeting, Prime Minister Bin Brek presented an initial report on the progress of the approved reform matrix. He highlighted the government’s efforts to unify revenue sources and improve the collection and transfer of resources to the Central Bank’s general account. These actions aim to enhance spending efficiency and ensure the state meets its mandatory obligations, particularly in paying employee salaries and improving essential services.

Central Bank’s Financial Stability Plans

Governor Ghaleb shared insights into financial and monetary indicators, outlining the Central Bank’s strategies to stabilize the currency and manage the foreign exchange market. He emphasized the importance of monitoring branch performance across provinces and regulating cash transactions to build trust in the banking sector. These measures align with international standards of transparency and compliance.

Emphasis on Strict Revenue Management

President Alimi stressed the need for strict adherence to the Presidential Council’s directives regarding the deposit of all revenues into state accounts. He warned against any unlawful interventions, asserting that these measures are crucial for restoring financial discipline and ensuring equitable resource distribution across provinces.

Urgent Recommendations for Maritime Oversight

The President called for the swift implementation of recommendations related to monitoring maritime ports. He insisted that all commercial and customs operations must fall under the jurisdiction of relevant authorities within the state’s financial system.

Strengthening Institutional Coordination

President Alimi also highlighted the importance of immediate institutional coordination between the Central Bank, the Ministry of Finance, and local authorities. He urged a concerted effort to mobilize both local and foreign resources and to complete administrative reforms in the financial and banking sectors. These initiatives aim to enhance public services and improve citizens’ living conditions.

Acknowledgment of International Support

In closing, President Alimi expressed gratitude to Saudi Arabia, the United Arab Emirates, and the donor community for their ongoing support of Yemen’s economy. He specifically noted the recent developmental and economic agreements and the various projects implemented across sectors, which play a vital role in fostering economic recovery and stability.

Meeting Attendance

The meeting also included Dr. Yahya Al-Shaibi, Director of the Presidential Office, and Dr. Ali Atbush, Director of the Prime Minister’s Office.

For more details, visit Yemen TV.

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