Saudi Arabia provides new economic support worth $500 million to Yemen

The Kingdom of Saudi Arabia has provided new economic support to Yemen worth 500 million US dollars, to strengthen the Yemeni government’s budget, support the Central Bank of Yemen, and out of the Kingdom’s keenness to achieve stability and development for the Yemeni people.

 

The new Saudi support includes a deposit of $300 million in the Central Bank of Yemen, to improve the economic and financial situation, and $200 million in support to address the deficit. The Yemeni budget includes a total of $1.2 billion, through the Saudi Development and Reconstruction Program for Yemen, to enhance food security in Yemen, support salaries, wages and operating expenses, and assist the government in implementing the economic reforms program.

 

 

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