Saudi Arabia allocates 500 mln USD to support Yemeni government
Dec 28, 2024
Aden [Saudi Arabia], December 28: Saudi Arabia has allocated 500 million U.S. dollars to the Yemeni government to cover state employees' salaries and other expenses, Yemeni Prime Minister Ahmed Awad bin Mubarak said on Friday.
In a post on social media platform X, bin Mubarak expressed "profound gratitude and appreciation" to Saudi Arabia for its "continuous and generous support."
"The launch of the fourth batch of support, amounting to 200 million dollars for the general budget, alongside a 300-million-dollar deposit for the Central Bank of Yemen, demonstrates the kingdom's steadfast solidarity with the Yemeni people," bin Mubarak added.
The Yemeni prime minister emphasized that the aid will allow the government to pay state employees' salaries, enhance citizens' living conditions, and help stabilize the significantly depreciated Yemeni currency, ultimately contributing to overall market and economic stability.
The funding is part of a 1.2-billion-dollar support package pledged by Saudi Arabia last year to bolster Yemen's struggling economy. Previous disbursements from the package valued at 250 million dollars were made in February and August last year.
Yemen has been embroiled in a devastating civil war since late 2014, with the Houthis fighting against the internationally recognized Yemeni government. In 2015, the Saudi-led coalition intervened to support the Yemeni government in the war.
Source: Xinhua
