Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression War against Yemen   About Yemen   Civil Society   Economy   About Saba  
Search | Advance Search
 
  Local
HR minister, Hodeidah governor inspect humanitarian situation
[20 February 2018]
Interior ministry to complete integrating popular committees into security facilities
[20 February 2018]
Prime Minster mourns al-Shatri's death
[19 February 2018]
Occupiers’ attempts to clone military institutions are futile: President
[18 February 2018]
15 Passengers Killed, 3 Injured In Traffic Accident In Sanaa
[18 February 2018]
 
  Saudi Aggression War against Yemen
Saudi airstrike hit UAE armored vehicles in Taiz
[21 February 2018]
Army shells Saudi soldiers’ gatherings, vehicles in Jizan
[21 February 2018]
15 civilians killed in air strike on Saada
[21 February 2018]
Army’s snipers kill 5 Saudi-paid mercenaries in Marib
[21 February 2018]
Aggression airstrike waged on Hodeidah
[21 February 2018]
 
  Reports
Report: Army attacks against Saudi troops over 24 hours
[22 February 2018]
Report: 15 civilians killed in 28 coalition airstrikes over past 24 hours
[22 February 2018]
Report: 43 Saudi-led airstrikes hit Yemen on Tuesday
[21 February 2018]
Report: Army wages offensives on Saudi enemy’s gatherings in Tuesday
[21 February 2018]
Report: Army kills, wounds Saudi soldiers, mercenaries on Monday
[20 February 2018]
 
  International
HR ministry condemns Saudi war crimes on Saada
[20 February 2018]
FM sends condolences to Iranian counterpart over plane crash
[20 February 2018]
Yemen condemns Saudi Shura council member inciting to violence
[18 February 2018]
Yemen welcomes new UN envoy
[17 February 2018]
FM meets UN official
[14 February 2018]
  Economy
Yemen, IMF discuss cooperation in economic reforms
[13/October/2014]

WASHINGTON, Oct.13 (Saba)- Finance Minister Dr. Mohamed Zemam discussed on Monday with Managing Director of the International Monetary Fund (IMF) Christine Lagarde bilateral cooperation in financial and economic reforms area.

In the meeting, which was held on sidelines of meetings of the IMF and World Bank (WB) in Washington DC, Lagarde renewed the Fund's commitment to support Yemeni government and people to move forward in the path of the financial and economic reforms.

The two sides stressed the need to support the poorest groups in the developmental projects through the net savings from the program of national reforms.

At the meeting, Zemam presented a presentation on the financial status of the general budget of the state and the repercussions of frequent sabotage attacks on the infrastructure of oil and gas sectors, which impacted negatively on the overall revenues of the budget.

He affirmed the political leadership's commitment to the reforms program despite lowering the fuel prices under the peace and national partnership agreement recently signed by the political parties in Yemen .

On another hand, the finance minister held a talks session with Director of the IMF's Middle East and Central Asia Department Dr. Masood Ahmed. They dealt with the developments of the economic and financial situation in Yemen and the IMF's support to Yemen during the coming period.

The talks touched on the arrangements related to the agreement signed already between the two sides to support " Authorities" program over three years.

Under this agreement, Yemen on October 01 received $ 73.8 million, which is the first available disbursement of the $ 552.9 million credit facility under the agreement, to support the three-year program to strengthen the government's efforts in the path of economic reforms with a view to maintain macroeconomic stability and promote inclusive growth.

During the talks, Dr. Masood commended the cohesion of the financial and banking institutions in managing the economic file and implementing the agenda of national reforms despite the challenges faced by Yemen.

"An attention must be paid to ease the burden on the citizens and the poorest groups during the current stage", Dr. Masood added, noting that the IMF and the international community support the national reforms path, which will put Yemen on the road of growth and economic stability.

BA

Saba
  more of (Economy)
UPDATED ON : Thu, 22 Feb 2018 21:13:53 +0300