Yemen’s government has praised Saudi Arabia providing “generous support” with a $1.2 billion aid package aimed at strengthening the Yemeni economy. Yemen’s official Sabah news agency reported on Tuesday that the aid is aimed at strengthening the general budget, implementing economic and financial reforms, raising service conditions, ensuring food security and alleviating citizens’ hardships.
During the signing ceremony held in the Saudi capital Riyadh, Yemeni Finance Minister Salem bin Buraiq said the “generous support” would help strengthen Yemen’s financial and monetary aspects, and address extraordinary challenges, Xinhua news agency reported. strengthen the state’s capacity for
Saudi Arabia previously provided a total of $4 billion to Yemen’s Central Bank between 2012 and 2022. The Yemeni Civil War began in late 2014 when Houthi militias launched attacks on several northern cities and forced the Yemeni government out of the capital Sanaa. The bloody conflict has led to a drastic deterioration in the living conditions of many Yemenis, resulting in one of the worst global humanitarian crises.