The Presidential Leadership Council approves measures to strengthen economic reforms and praises the improvement of the currency.

Presidential Leadership Council Holds Key Economic Meeting

On Wednesday, the Presidential Leadership Council convened under the leadership of President Dr. Rashad Mohammed Alimi. The meeting included members Sultan Al-Aradah, Abdulrahman Al-Mahrami, Dr. Abdullah Alimi, and virtually attended by Aidarus Al-Zubaidi, Tariq Saleh, and Othman Majali. Member Faraj Al-Bahssani was absent with an excuse.

Focus on Economic and Financial Conditions

The meeting, attended by Prime Minister Salem Bin Brek and Central Bank Governor Ahmed Ghaleb, aimed to address ongoing economic and financial issues. Participants reviewed recent discussions regarding the implementation of the Presidential Leadership Council’s decisions related to the reform matrix and the economic recovery plan. Key topics included supporting the national currency, mobilizing local and foreign resources, and building trust with the donor community. These efforts aim to enable the government to meet its obligations, reduce the budget deficit, and improve essential services across various provinces.

Positive Developments in the National Currency

The council praised the noticeable improvement in the national currency and essential goods. They highlighted effective control over public spending and banking compliance. The council emphasized the importance of building on these achievements to strengthen public finances and create greater flexibility in managing the needs of the economic recovery plan.

Approval of Comprehensive Reform Measures

In this context, the Presidential Leadership Council approved a series of executive measures to support comprehensive reforms. These measures include tightening oversight of land, sea, and air ports, expanding electronic revenue connections, and enhancing government spending efficiency across various sectors.

Commitment to Support Government Reforms

The council reaffirmed its support for the government in implementing its relevant reform decisions. It emphasized the need for full access to public resources in accordance with the constitution and existing laws. Additionally, the council stressed empowering the Central Bank with all necessary tools to manage monetary policy, curb speculation, and stabilize the national currency. They also called for improved coordination among all institutions to urgently and systematically implement the approved reform matrix.

Appreciation for International Support

The council expressed deep appreciation for the efforts of Saudi Arabia and the United Arab Emirates in supporting national economic stability and alleviating the humanitarian crisis. They acknowledged the significant support from international partners, which led to the resumption of International Monetary Fund activities in the country after an 11-year hiatus.

Discussion of Additional Agenda Items

The meeting also addressed several issues on its agenda, including the implementation of previous directives regarding resource unification and performance oversight. The council took necessary actions and made recommendations, including informing local authorities and relevant entities.

Attendance

Dr. Yahya Al-Shaibi, Director of the Presidential Office, also attended the meeting.

For more details, visit Yemen TV for the original article.

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