Yemen signed an agreement with the Arab Monetary Fund worth one billion dollars to support a comprehensive economic, financial and monetary reform program.
The agreement was signed by Minister of Finance Salem bin Breik, Governor of the Central Bank of Yemen Ahmed Ghaleb Al-Mabaki, and Director General and Chairman of the Board of Directors of the Arab Monetary Fund Dr. Abdulrahman Al-Hamidy.
The program aims to establish economic, financial and monetary stability in Yemen, strengthen the fiscal position, rebuild its institutions and enhance its governance and transparency.
It also aims to expand and diversify the productive base, promote inclusive and sustainable economic growth, and create jobs.
The Minister of Finance pointed out that the difficult economic and financial conditions in Yemen have reflected negatively on the citizen and that this deposit and program will play a role in addressing the economic and financial conditions and reviving the national economy.
