Yemeni delegation meets with the Director of the Arab Group at the International Monetary Fund

[15/04/2026 02:14] 
Washington – Saba News:

The Ministers of Finance, Dr Marwan bin Ghanem, and of Planning and International Cooperation, Dr Afrah Al-Zuba, along with the Governor of the Central Bank of Yemen and the Governor of the International Monetary Fund for the Republic of Yemen, Ahmed Ghalib, today with the Executive Director for the Arab Group and the Republic of the Maldives at the International Monetary Fund, Dr Mohammed Maait, on the sidelines of the Spring Meetings of the World Bank Group and the International Monetary Fund, currently being held in the US capital, Washington.

During the meeting, the difficult economic and financial conditions facing our country were reviewed in light of escalating tensions in the Middle East, and their direct impact on the Yemeni economy due to rising shipping and insurance costs, as well as increased commodity and energy prices, which exacerbate pressures on public finances and increase the burden of meeting basic humanitarian needs.

In this regard, the Yemeni side emphasised the importance of intensified support from partners and donors, and the need for urgent and exceptional financial support to enable the government to mitigate the effects of these developments and maintain a minimum level of economic and service stability.

The meeting also addressed the Fund’s Executive Board’s decision to approve the report on the resumption of Article IV consultations with the Republic of Yemen, and the options available in the coming phase to create the conditions for Yemen to engage in a comprehensive fiscal and monetary reform programme with the Fund, including the possibility of entering into monitoring and preparatory programmes that would qualify the country to benefit from the emergency financing instruments provided by the Fund, as has been the case with similar situations in other member states.