Yemeni officials have commended the new economic support of $1.2 billion announced by the Kingdom of Saudi Arabia to the country.
The economic aid aims to cover salaries and operational expenses as well as to ensure food security in Yemen.
Chairman of Yemen’s Presidential Leadership Council (PLC) Dr. Rashad Al-Alimi has said that the new Saudi support reaffirms the Kingdom's honorable stance, led by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
He added that the economic aid reflects the Saudi leadership's commitment to supporting the Yemeni people, upholding their constitutional legitimacy, alleviating their humanitarian suffering, and safeguarding their legitimate rights in rebuilding state institutions, achieving peace, stability, and development in Yemen.
Al-Alimi emphasized that such a brotherly and humanitarian approach of the Kingdom consistently serves as a "safety valve not only for Yemen but also for the countries and peoples of the entire region, and for international peace and security.”
He also commended the efforts exerted by government institutions and the economic teams from the two countries, as well as the Saudi Development and Reconstruction Program for Yemen (SDRPY).
The chairman highlighted the new economic aid's contributions to achieving comprehensive reforms in various Yemeni sectors.
Saudi Ambassador to Yemen Mohammed Al-Jaber announced the $1.2 billion in financial aid on Tuesday to shore up the Yemeni currency, bolster the economy, and help the country pay its public employees, as well as for food and fuel imports.
Prime Minister Maeen Abdul Malik Saeed said his government will now be able to resolve the budget deficit, public employee payments, devaluation of the riyal, and food insecurity.
He thanked the Saudi leadership “for its unwavering support of Yemen’s government and people, as well as for its economic assistance to alleviate the suffering of our people and strengthen our national economy.”
