Yemen PM launches battle for reform with Central Bank

The Yemeni government has embarked on its battle to reform the economy through the Central Bank.

This move is coming four days after its arrival in the temporary capital, Aden, and following the attempt to assassinate its members in the Houthi missile attacks that targeted the airport on Wednesday.

In his first economic move on Saturday, Prime Minister Maeen Abdulmalik stressed the importance of “accelerating the procedures for assigning an external audit team for the accounts of the Central Bank of Yemen, in line with transparency procedures and adopting the principle of governance and combating corruption, as a necessary step to ensure the continued application of international financial standards and rules.”

Official sources said Abdulmalik chaired a meeting of the leadership of the Central Bank of Yemen, “to discuss the bank’s future plans and the need to invest the current opportunities in forming the government and the willingness of brothers and friends, especially the countries of the Coalition to Support Legitimacy, to back the national economy, continue measures to enhance confidence in the national currency and improve stability of the exchange rate, which directly affects the daily lives of citizens.”

The Minister of Transport in the Yemeni government, Abdul Salam Hamid, directed the return of air navigation and the operation of flights to Aden International Airport, starting Sunday, after it was suspended due to the attack on the airport.

The Yemeni minister praised the efforts made by the aviation authority, the airport management, and the Saudi Program for the Development and Reconstruction of Yemen in equipping the airport and repairing the damage caused to it as a result of the attacks, in record time.