Yemeni PM Asserts Efforts to Fight Corruption, Implement Reforms

Yemeni Prime Minister Maeen Abdulmalik during the meeting with Central Bank of Yemen (CBY) and Finance Ministry officials (Saba News Agency)
Yemeni Prime Minister Maeen Abdulmalik during the meeting with Central Bank of Yemen (CBY) and Finance Ministry officials (Saba News Agency)
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Yemeni PM Asserts Efforts to Fight Corruption, Implement Reforms

Yemeni Prime Minister Maeen Abdulmalik during the meeting with Central Bank of Yemen (CBY) and Finance Ministry officials (Saba News Agency)
Yemeni Prime Minister Maeen Abdulmalik during the meeting with Central Bank of Yemen (CBY) and Finance Ministry officials (Saba News Agency)

Yemeni Prime Minister Maeen Abdulmalik said the government is determined to continue fighting corruption and implement more economic reforms.

Official sources stated that Abdulmalik chaired a meeting in the interim capital Aden with the leaderships of the Central Bank of Yemen (CBY) and Finance Ministry to discuss economic and living conditions.

State-owned Saba agency reported that the meeting was attended by Finance Minister Salim bin Bureik and CBY Governor Ahmed Ghalib. The officials examined the level of implementation of financial and monetary reforms.

The meeting also addressed enhancing transparency, governance, and the subsequent measures in light of the government's policies to achieve economic stability.

It also discussed the coordination between fiscal and monetary policy and aspects of integration to control the exchange rates, increase public revenues, urgently address deficiencies in administrative aspects, combat corruption, and enhance integrity.

The officials reviewed the agreement between the CYB and the Ministry and the measures in coordination between the two entities to tackle some irregularities.

The PM stressed the necessity of uniting all efforts to overcome the difficulties resulting from the exceptional conditions. He also thanked the Coalition to Support Legitimacy led by Saudi Arabia and the UAE for their generous and continuous support for Yemen and its people.

Abdulmalik asserted that the government's reform plan in the economic, financial, and administrative field should be implemented without any delay, lauding the outstanding efforts of the Finance Ministry and the CYB leaderships.

He indicated that the noticeable improvement in the exchange rate came from the reforms, asserting that it will be reinforced shortly by additional measures and support from Yemen's partners and friends.

Abdulmalik promised the situation would witness a significant breakthrough soon, asserting the importance of an "economic battle."

"We will achieve a victory in our economic battle similar to the military victories achieved in Shabwa, Marib, and the rest of the battlefronts against Iran's bloody project in Yemen through its proxies, the Houthi militia."

The Finance Minister presented a report about the Ministry's plan to improve taxes and customs revenues, fight taxes evasion, and boost oil proceeds.

CYB governor provided a report about the fiscal year 2021, and the measures taken in coordination with the government and the Finance Ministry to tackle some irregularities.



Syria Unable to Import Wheat or Fuel Due to US Sanctions, Trade Minister Says

Syrian Trade Minister Maher Khalil al-Hasan speaks during an interview with Reuters in Damascus, Syria, January 6 2025. (Reuters)
Syrian Trade Minister Maher Khalil al-Hasan speaks during an interview with Reuters in Damascus, Syria, January 6 2025. (Reuters)
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Syria Unable to Import Wheat or Fuel Due to US Sanctions, Trade Minister Says

Syrian Trade Minister Maher Khalil al-Hasan speaks during an interview with Reuters in Damascus, Syria, January 6 2025. (Reuters)
Syrian Trade Minister Maher Khalil al-Hasan speaks during an interview with Reuters in Damascus, Syria, January 6 2025. (Reuters)

Syria is unable to make deals to import fuel, wheat or other key goods due to strict US sanctions and despite many countries wanting to do so, Syria's new trade minister said.

In an interview with Reuters at his office in Damascus, Maher Khalil al-Hasan said Syria's new ruling administration had managed to scrape together enough wheat and fuel for a few months but the country faces a "catastrophe" if sanctions are not frozen or lifted soon.

Hasan is a member of the new caretaker government set up by the Hayat Tahrir al-Sham group after it launched a lightning offensive that toppled autocratic President Bashar al-Assad on Dec. 8 after 13 years of civil war.

The sanctions were imposed during Assad's rule, targeting his government and also state institutions such as the central bank.

Russia and Iran, both major backers of the Assad government, previously provided most of Syria's wheat and oil products but both stopped doing so after the opposition factions triumphed and Assad fled to Moscow.

The US is set to announce an easing of restrictions on providing humanitarian aid and other basic services such as electricity to Syria while maintaining its strict sanctions regime, people briefed on the matter told Reuters on Monday.

The exact impact of the expected measures remains to be seen.

The decision by the outgoing Biden administration aims to send a signal of goodwill to Syria's people and its new rulers, and pave the way for improving basic services and living conditions in the war-ravaged country.

Washington wants to see Damascus embark on an inclusive political transition and to cooperate on counterterrorism and other matters.

Hasan told Reuters he was aware of reports that some sanctions may soon be eased or frozen.