Yemeni President Abd Rabbu Mansour Hadi issued a decree to form a committee to coordinate the implementation of the results of his meeting with Saudi Crown Prince Mohammed bin Salman in the economic fields.
The committee’s tasks will focus on three main axes, including the Central Bank, the financing of services and the reconstruction projects.
The first article of the decree orders the formation of a committee called the Coordination and Follow-up Committee that will coordinate with the concerned authorities in the Kingdom on the implementation of the agreements reached during the meeting.
The second article stipulates that the committee will consist of the Minister of Finance Ahmed Obaid al-Fadli as chairman, the Minister of Public Works and Roads Dr. Moeen Abdul Malik as vice-chairman, and the following members: Deputy Governor of Yemen Central Bank Abbas Basha, Undersecretary of the Ministry of Planning and International Cooperation Dr. Mohammad Al-Hawiri, Undersecretary of the Ministry of Oil and Minerals for Gas Ous al-Oud, Undersecretary of the Ministry of Electricity Khalil Abdul Malik, and Executive Director of PetroMasila Mohammed bin Sumait.
The third article states that the committee shall coordinate and follow up the implementation of the results of the meeting in the following axes: supporting the Central Bank with a $2 billion as a deposit to prevent the collapse of the Yemeni Riyal; financing the electricity of the liberated governorates by providing diesel for one year according to the reports submitted by the Ministry of Electricity; and providing services in the liberated governorates by the beginning of 2018, in the fields of electricity, water, health, education and roads.
Article 4 of the decree stipulates that the committee shall be entitled to seek the assistance of experts, advisors and government leaders to prepare the necessary plans and strategies to implement the various projects. The work reports shall be submitted directly to the Yemeni president and prime minister.