President Al-Alimi Meets Crisis Management Committee to Review Response to Regional Developments

  Riyadh

His Excellency President Dr. Rashad Mohammed Al-Alimi, President of the Presidential Leadership Council, met on Wednesday with the Economic and Humanitarian Crisis Management Committee. The meeting was attended by the Prime Minister and Minister of Foreign Affairs and Expatriates Dr. Shai’a Mohsen Al-Zindani, who heads the committee.

The meeting was also attended by Mr. Ahmed Ghaleb Al-Maabqi, Central Bank Governor, Mr. Hossam Al-Sharjabi, Head of the Economic Team, Mr. Marwan bin Ghanem, Minister of Finance, Mr. Mohammed Bamqaa, Minister of Oil and Minerals, Mr. Mohsen Al-Amri, Minister of Transport and Captain Nasser Mahmoud, Chairman of Yemenia Airways.

Discussions focused on the latest economic, service, and humanitarian developments in light of the unprecedented military escalation in the region and its potential repercussions on food supply chains, maritime shipping, and the overall situation in the country.

The Prime Minister, the Central Bank Governor, and committee members delivered briefings on the current economic conditions and key financial and monetary indicators.

They also reviewed the approved response plans aimed at mitigating the direct impacts of the regional security developments, particularly on supplies of food, medicine, and fuel.

In addition, the plans seek to contain potential increases in the prices of essential goods and services.

The briefings included reassuring indicators regarding public finance performance, the status of foreign reserves, and commodity stocks, which reports indicate remain at safe levels sufficient for a period ranging between four to six months. This stability has been supported by economic and financial interventions from the Kingdom of Saudi Arabia.

During the meeting, the President of the Presidential Leadership Council stressed the priority of protecting livelihoods and the national currency, and shielding the country, as much as possible, from the economic repercussions of the conflict. He underscored the importance of full preparedness to address any potential scenarios, ensuring the state’s continued fulfillment of its essential obligations, foremost among them the payment of public sector salaries and the uninterrupted flow of basic goods and imports.

President Rashad Mohammed Al-Alimi directed the continued review and updating of economic measures and response plans, along with the submission of periodic reports on market indicators and commodity stocks.

He also instructed close coordination with brothers and international partners to secure maritime corridors and supply chains, and to combat terrorism and smuggling in all its forms.

In this context, he renewed his appreciation for the fraternal and honorable stances of the Saudi Arabia in support of the Yemeni people and their political leadership, as well as its continued responses to governmental challenges and priorities at various levels. This includes the recent economic support package amounting to SAR 1.3 billion to cover public sector salaries and strengthen stability and economic recovery in the country.

The meeting was also attended by Dr. Yahya Al-Shuaibi, the Director of the Office of the Presidency.