Stimulus plan to boost Yemen growth

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Time: February 13, 2019  

A Yemeni money exchange employee counts local currency at an exchange office in Sanaa. (AFP file photo)
  • The King Salman Humanitarian Aid and Relief Center (KSRelief) is providing medical and other humanitarian assistance, including food, fuel and other essentials, to Yemen

JEDDAH: Yemen’s central bank and the country’s battered economy will benefit from a stimulus package following a meeting of the Economic Quartet Committee on Yemen in Riyadh.

Envoys from the quartet of Saudi Arabia, the UAE, US and UK discussed the challenges facing the central bank in a meeting chaired by Mohammed bin Saeed Al-Jaber, the Saudi ambassador to Yemen.

The meeting was held at the headquarters of the Saudi Program for the Development and Reconstruction of Yemen on Monday.

Al-Jaber said the meeting focused on the economic situation in Yemen, the stability of the Yemeni riyal and the capacity of the central bank to deal the challenges to the economy posed by the Houthi militias.

Further meetings were planned to follow up the economic developments and to support humanitarian aid in the conflict-stricken country.

The King Salman Humanitarian Aid and Relief Center (KSRelief) is providing medical and other humanitarian assistance, including food, fuel and other essentials, to Yemen.

The center has carried out 325 projects in partnership with 80 UN, international and local NGOs. It is also involved in the rehabilitation of children affected by the war.

This article was first published in Arab News

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