Faizel Patel, Radio Islam News – 16-11-2018
Saudi Arabia, the UAE, US and UK have established a committee to address Yemen’s economic and humanitarian crisis.
Senior officials and ambassadors met in Riyadh on Thursday to identify measures aimed at stabilizing Yemen’s economy.
According to a statement by the Saudi Press Agency, the four nations agreed to establish an advisory committee.
The committee will meet once a month to establish measures aimed at stabilizing Yemen’s currency and support the government of Yemen in improving its economic management.
“These have included the Kingdom of Saudi Arabia’s initial deposit of $25 billion into the Central Bank of Yemen, followed by the recent $ 200 million grant to the government of Yemen and monthly donation of $60 million in fuel derivatives for municipal power generation.”
Saudi Arabia’s foreign minister, Adel Al Jubeir on Thursday said that the kingdom supports UN-led peace efforts to end the war in Yemen.
“We support a peaceful solution in Yemen and we support the efforts of the UN special envoy to Yemen. We are committed to delivering all the necessary humanitarian aid to our brothers in Yemen.”
The four nations have encouraged the international community to support the ongoing peace process and increase its support to Yemen.
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