KSrelief: Saudi Support for Yemen Topped 17 Bln Dollars

KSrelief delivers aid in Yemen's Marib. (SPA)
KSrelief delivers aid in Yemen's Marib. (SPA)
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KSrelief: Saudi Support for Yemen Topped 17 Bln Dollars

KSrelief delivers aid in Yemen's Marib. (SPA)
KSrelief delivers aid in Yemen's Marib. (SPA)

The King Salman Humanitarian Aid and Relief Center’s (KSrelief) relief response plan for Yemen in 2020 helped in launching projects aimed at confronting the coronavirus pandemic.

The center announced that Saudi Arabia’s aid has reached 156 countries and amounted to 184 billion Saudi riyals (50 billion dollars), underscoring its pioneering development and humanitarian role. Aid has ranged from financial support to relief efforts.

During a press conference at its Riyadh headquarters on Thursday, Dr. Abdullah Saleh Al-Moallem, director of KSrelief's Health and Environmental Aid Department, said that ever since the inauguration of the center, it has offered over 17 billion dollars to Yemen.

The funds have been dedicated to development projects and aid to support the legitimate government and Central Bank. Moreover, it has offered 3.5 billion dollars for relief and humanitarian efforts.

Moallem said Saudi Arabia was the first country to respond to the United Nations’ first Yemen Humanitarian Response Plan in 2015, offering 274 million dollars. In 2020, the Kingdom offered 500 million of 2.4 billion dollars needed for Yemen’s humanitarian needs.

He added that the Kingdom carried out 12 projects in the health, nutrition and water sectors in Yemen, worth 87 million dollars in 2020. The center also carried out a response project to confront the first phase of the pandemic, offering 10 million dollars and benefiting 16 million people. The second phase of the plan has benefitted 350,000 people.

In 2020, KSrelief cooperated with international and UN organizations to plan relief response in Yemen amid the pandemic. Efforts focused on curbing the virus outbreak and improving food security and protecting displaced people.

KSrelief has also focused on removing mines planted by the Iran-backed Houthi militias. The Masam project, one of the center’s most important, has so far removed 215,000 mines. Reports say the Houthis have planted over 2 million mines in Yemen.



Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
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Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA

The Kingdom of Saudi Arabia concluded the third deputies meeting for the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC), which was held under the Saudi chairmanship in Diriyah on April 6-7, and co-organized by the Ministry of Finance and the IMF.
During his opening speech, Minister of Finance Mohammed Aljadaan praised the efforts of the IMF's leadership and the members of the IMFC in guiding the IMF during challenging times. He also emphasized the importance of collaboration to ensure global financial stability and strong, inclusive economic growth. "The IMF has shown resilience by adapting to the ever-changing global landscape," Minister Aljadaan said.
In her opening speech, Managing Director of the International Monetary Fund Dr. Kristalina Georgieva expressed her gratitude for Saudi Arabia's ongoing and robust support for the IMF and the strong leadership of the IMFC, SPA reported.
"Amid significant global policy changes, the IMF's mission to foster macroeconomic and financial stability remains just as essential as it was 80 years ago. Our 191 member countries can rely on the IMF as a trusted advisor," she said.
The IMFC deputies discussed several topics during the high-level discussion sessions, including ways to enhance global financial stability and inclusive development. They addressed the challenges facing the global economy due to uncertainty in trade flows and its impact on capital in both advanced and developing economies. Emphasis was placed on the effect of high debt levels on investments in infrastructure and jobs and the opportunities and risks arising from technological and demographic shifts.
Additionally, they discussed the IMF's role in supporting countries through financial stability programs and coordinating regional financial arrangements.