Mohammed Saeed Al Jaber, General Overseer of the Saudi Development and Reconstruction Program in Yemen and Administrative Ambassador of the Two Holy Mosques, signed an agreement with Yemeni Minister of Finance Marwan Faraj Saeed bin Ghanem to begin depositing economic support worth SAR 1.3 billion, which will be allocated to address the budget deficit and support operating costs and salaries.
This support will contribute to income stability, strengthen purchasing power and enable government institutions to continue to carry out their mandates efficiently, which will reflect positively on macroeconomic stability and advance Yemen’s path to sustainable recovery.
Out of Saudi Arabia’s desire to meet the urgent needs of the Yemeni government and achieve stability and development for its brotherly Yemeni people.
In addition to improving monetary policy management, this assistance aims to establish a foundation for Yemen’s economic and fiscal stability, reduce the fiscal deficit, regularize government financial flows and salary payments, put the national economy on a more sustainable trajectory, and advance the economic and social development process.
The new economic support is positively reflected in increased purchasing power, regular income for families, improved standards of living and revitalized commercial markets, contributing to improving Yemen’s economic stability and supporting a sustainable recovery.
The Kingdom of Saudi Arabia is the largest humanitarian, developmental and economic donor to Yemen in its history, and its development and economic interventions form one of the main pillars towards Yemen’s economic recovery at the macro and micro levels.
The package of economic development assistance provided by Saudi Arabia, totaling more than $12.6 billion for the period 2012 to 2026, embodied the fundamental pillars of strengthening the capacity of Yemeni institutions to continue to serve the Yemeni people and reducing economic and social pressures, including deposits and subsidies on the Central Bank of Yemen, in order to achieve a level of fiscal parity and support macroeconomic stability.
Saudi Arabia’s development interventions through the Yemen Development and Reconstruction Program have had positive effects in strengthening the foundations for sustainable development, reducing humanitarian and economic impacts, and achieving inclusive development that benefits current and future generations.
Saudi Arabia’s Yemen Development and Recovery Plan presented a matrix of development projects and initiatives amounting to 268 development projects and initiatives in eight critical and fundamental areas, with a total value of over $1 billion. These contributed to improving the efficiency of infrastructure and basic services, improving living standards, strengthening food security, building the capacity of Yemeni cadres, providing employment opportunities, and advancing efforts to establish sustainable peace that achieves sustained and inclusive development for Yemeni compatriots. Yemen.
Mohamed Saeed Al Jaber, Ambassador Administrative of the Two Holy Mosques and General Overseer of the Saudi Plan for Yemen’s Development and Reconstruction, signed an agreement with Yemeni Minister of Finance Marwan Faraj Saeed bin Ghanem, initiating the deposit of economic support worth SAR 1.3 billion earmarked to address the budget deficit and support operating costs and salaries.
This support will contribute to income stabilization, strengthen purchasing power and enable government institutions to continue to carry out their mandates efficiently, which will reflect positively on macroeconomic stability and promote Yemen’s path to sustainable recovery.
In response to the urgent needs of the Yemeni government and in response to Saudi aspirations to achieve stability and growth for the brotherly Yemeni people.
In addition to improving monetary policy management, this assistance aims to establish a foundation for Yemen’s economic and fiscal stability, reduce the fiscal deficit, ensure regular flow of government finances and salary payments, put the national economy on a more sustainable trajectory, and advance the economic and social development process.
The new economic assistance positively reflects strengthening purchasing power, ensuring regular income for families, improving living standards and revitalizing commercial markets, contributing to strengthening Yemen’s economic stability and supporting sustainable recovery.
The Kingdom of Saudi Arabia is considered to be the largest historical supporter of Yemen in humanitarian, developmental and economic aspects, and its development and economic interventions form one of the main pillars towards Yemen’s economic recovery at both the macro and micro levels.
The package of economic development assistance provided by Saudi Arabia, totaling over $12.6 billion from 2012 to 2026, strengthens the capacity of Yemeni institutions to continue to serve the Yemeni people, reduces the severity of economic and social pressures, including deposits and subsidies to the Yemeni Central Bank, achieves a level of fiscal balance, and is a fundamental pillar supporting macroeconomic stability.
Saudi Arabia’s development interventions through the Yemen Development and Reconstruction Plan have had a positive impact on establishing the foundations for sustainable development, mitigating humanitarian and economic impacts, and achieving inclusive development that benefits current and future generations.
The Saudi Yemen Development and Reconstruction Plan provides a matrix of development projects and initiatives in eight important and essential areas, with a total of 268 development projects and initiatives, with a total cost of more than $1 billion, contributing to increasing the efficiency of infrastructure and basic services, improving living standards, strengthening food security, building the capacity of Yemeni human resources and providing employment opportunities, and contributing to advancing efforts to establish a sustainable peace that achieves sustained and inclusive development for Yemeni compatriots.
