Yemen Monitor / Newsroom:
The Board of Directors of the Central Bank of Yemen renewed its affirmation of full support for the state and government’s efforts aimed at addressing imbalances and strengthening the path of reforms in various financial and economic sectors.
This came during the conclusion of the board’s ninth session for 2025, held today (Thursday) under the chairmanship of Central Bank Governor Ahmed Ghaleb, where the board reviewed the level of implementation of financial and economic reforms and the prospects for their development in light of the decisions of the Presidential Leadership Council.
The board stressed the need to complete the implementation of the approved reform measures in a way that contributes to strengthening public revenues, reorganizing expenditures, and achieving financial sustainability—enabling the government to meet its domestic and external obligations and break out of the cycle of recurring bottlenecks in basic services and salaries.
The board also appreciated the sincere and fraternal support provided by brothers and friends to help Yemen overcome current and expected challenges.
The board discussed several issues on its agenda, foremost among them the latest financial and economic developments, including fiscal and monetary balances, the status of the external sector, and relations with regional and international partners, in light of the completion of Article IV consultations with the International Monetary Fund, whose results are expected to be presented to the Fund’s Executive Board next December.
The board also addressed offers submitted by international auditing firms regarding the audit of the Central Bank’s 2025 financial data, and decided to task its Audit Committee with completing communication with those firms and submitting a comprehensive report within two weeks.
The board additionally listened to briefings on the work of the National Committee for Financing and Regulating Imports and the progress of its performance, as well as a review of measures taken to implement the payment systems program supported by the World Bank, with the United Nations Development Programme as the implementing agency and the program’s steering committee at the Central Bank participating.
At the conclusion of its meetings, the Board of Directors extended its warmest congratulations and blessings to the political leadership, the government, and the Yemeni people on the occasion of the 30th of November Independence Day, wishing that God may return this occasion with Yemen having achieved security, peace, and prosperity.
