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Yemen Discusses Recovery Plan and Vital Sector Reforms with the IMF

Yemen Monitor /Newsroom:

The Government of Yemen held a consultative session with the International Monetary Fund (IMF) today in Amman, Jordan, as part of the Yemen Partners Group meetings, to discuss an assessment of economic performance and the challenges facing key sectors in the country.

The discussions covered several key themes, including the macroeconomic, fiscal, and monetary frameworks, the foreign trade sector, and essential public services, particularly electricity and energy.

Minister of Planning and International Cooperation, Waed Badhib, emphasized the importance of these consultations in developing a medium-term economic framework that supports recovery and reconstruction, while steering the economy toward a sustainable growth path that creates employment opportunities for youth. He also underscored the need to enhance partnership with the private sector as part of recovery efforts.

The minister stressed the importance of continued support from the IMF and international and regional partners to mobilize financing that ensures economic stability and supports the urgent priorities plan, praising the Fund’s role in improving national economic indicators, especially in currency and price stability.

For his part, Minister of Electricity and Energy, Mana’a bin Yamin, presented an overview of the current state of the electricity and energy sector in Yemen, outlining a vision for developing this vital sector to enhance service sustainability.

The session was also attended by Deputy Minister of Planning for Economic Studies and Forecasts, Dr. Mohammed Al-Hawari, and President of the Central Statistical Organization, Dr. Safaa Mu’ti, along with representatives from the IMF and several international partners.

 

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