The Kingdom of Saudi Arabia extends a billion US dollar to support the Republic of Yemen’s comprehensive economic, financial and monetary reform program, with technical assistance from the Arab Monetary Fund (AMF)
The Kingdom of Saudi Arabia extends a billion US dollar to support the Republic of Yemen’s comprehensive economic, financial and monetary reform program, with technical assistance from the Arab Monetary Fund (AMF)
The program covers the period (2022-2025), and aims at establishing economic and financial stability in the Republic of Yemen, enhancing fiscal stability and the external position, rebuilding Yemeni institutions and supporting their governance and transparency, in order to enhance the macroeconomic environment to expand and diversify the productive base, support inclusive and sustainable economic growth, and create job opportunities. The program is expected to help put the Yemeni economy on a sustainable path, and support the course of economic and social development, while reducing unemployment and poverty rates.