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Intense Yemeni Efforts to Confront Houthi Economic Measures

Intense Yemeni Efforts to Confront Houthi Economic Measures

Wednesday, 15 January, 2020 - 11:00
A member of the Southern Transitional Council during a guard patrol in the city of Aden (AFP)
Aden - Asharq Al-Awsat

The government in Yemen’s temporary capital has intensified efforts to confront various economic challenges, among them the Houthi militias’ arbitrary actions against the national currency and the destruction of institutions run by the group.

The Supreme Economic Council, in a meeting chaired by Prime Minister Maeen Abdulmalik, discussed the necessary measures to be taken in this regard.

Attendees discussed requirements for increasing oil production and protecting the country’s currency and economy.

According to official sources, a number of economic and fiscal reports were also discussed, as well as plans and policies to alleviate the difficult economic and living conditions resulting from the war waged by the militias, and the government's efforts to develop local resources and maintain a stable exchange rate for the national currency.

Talks also focused on practical steps needed to be taken against illegal Houthi measures to confiscate the new national currency, and its catastrophic risks to citizens and the national economy in general.

The meeting tackled necessary measures to increase crude oil production and export in Yemen, enhance revenues and dry up the sources of corruption in various sectors, Saba reported.

The government has taken recent actions in this regard, such as the activation of the national integrity and anti-corruption system. This would benefit society, support the government's efforts to alleviate the citizens’ suffering, improve basic services and normalize the situation.

The Council also reviewed a number of visions and ideas aimed at dealing with the ongoing challenges and coming up with urgent economic solutions.

Abdulmalik briefed the Council on the government's economic performance in 2019, the existing challenges, visions and plans for an economic recovery in 2020.

He stressed the need for all government institutions to increase their efforts in implementing proposed plans in order to improve the economy’s performance.

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