Yemen Monitor – Newsroom:
Yemeni Prime Minister Salem Saleh bin Buraik held talks on Tuesday with Esther Pérez Ruiz, head of the International Monetary Fund (IMF) mission to Yemen, to review ongoing cooperation between the government and the Fund, as well as future plans to support economic reforms and strengthen financial stability.
The talks, held via video conference with the participation of IMF Resident Representative Mohammed Jaber, reviewed the progress made by technical teams within the framework of Article IV consultations to assess Yemen’s economy and set priority policies for implementation. They also discussed options for emergency financing and concessional facilities to close financial gaps and encourage donor support.
The session addressed the evaluation of progress under the agreed program within Article IV consultations, the proposed schedule for upcoming meetings to review reports and data, and mechanisms to intensify cooperation in support of the economic recovery plan and the government’s reform program. The discussions also focused on mobilizing international support to facilitate access to development financing and loans.
The Prime Minister affirmed that the government, under the guidance of the Presidential Leadership Council and in coordination with the Central Bank, is pressing ahead with implementing a comprehensive reform program to enhance monetary and financial stability, improve the exchange rate of the national currency, and curb inflation—despite the extraordinary challenges posed by the war ignited by the Houthi militia.
He stressed the importance of continued technical and financial support from Yemen’s international partners, particularly the IMF, to help the government preserve economic gains and strengthen state institutions, which would positively impact citizens’ livelihoods and ease their suffering. He also praised the humanitarian and economic support provided by Saudi Arabia and the United Arab Emirates to the government’s efforts over the past years.
For their part, IMF officials expressed appreciation for the government’s reform efforts, affirming their readiness to continue the partnership and provide technical advice to support Yemen’s economy, while expediting the completion of Article IV consultations with the government.
