Al-Alimi Discusses Strengthening the Economy and Securing Supplies Amid Escalating Regional Tensions
Yemen Monitor – Newsroom:
Rashad Mohammed Al-Alimi, Chairman of the Yemeni Presidential Leadership Council, held an expanded meeting of the Economic and Humanitarian Crisis Management Committee, attended by the Prime Minister and ministers from the economic and service sectors, to discuss how to shield Yemen’s domestic front from the repercussions of the turmoil in the region.
The meeting, which included the Governor of the Central Bank and heads of relevant institutions overseeing finance, oil, transport, and aviation, focused on one key question: how to keep food, medicine, and fuel supply chains secure amid disruptions to maritime navigation and escalating regional tensions.
Participants reviewed the current economic landscape, including financial and monetary indicators, as well as rapid response plans aimed at containing any potential shocks that could affect the prices of essential goods and services.
According to the briefings presented, commodity reserves remain within safe levels, with estimates indicating coverage for a period ranging between four and six months, supported by interventions and funding from Saudi Arabia.
President Al-Alimi stressed that the highest priority is protecting citizens’ livelihoods and safeguarding the national currency, while working to keep the economy as insulated as possible from the repercussions of the conflict.
He also directed the submission of periodic reports on market activity and stock levels, continuous updates of emergency plans, and strengthened coordination with regional and international partners to secure maritime routes and supply chains, and to combat smuggling.
The Chairman of the Presidential Leadership Council renewed his appreciation for Saudi Arabia’s supportive stance, noting the new economic assistance package worth 1.3 billion Saudi riyals, allocated to help cover public sector salaries, enhance stability, and advance economic recovery efforts.
