In an extraordinary meeting, the government approves its economic plan for urgent priorities

The Council of Ministers approved, in an extraordinary meeting held today, Thursday, headed by Prime Minister Dr. Ahmed Awad bin Mubarak, the draft government economic plan for urgent priorities and its executive matrix, according to the Saba Agency.

The Council stressed, in the meeting, held via video conference, with the participation of the Governor of the Central Bank of Yemen, the need to absorb the comments submitted by the Council members on the plan, which would lead to an effective government response to confront the economic challenges responsibly and mitigate the catastrophic humanitarian consequences created by the terrorist Houthi militia supported by Iran.

He noted the efforts of the ministerial committee tasked with preparing the plan, headed by the Minister of Finance and the technical committee, and its consideration of the five tracks of the Prime Minister's priorities, the economic, financial and monetary reform program signed with the Arab Monetary Fund, and the government plans related to urgently dealing with the economic and service situation, enhancing efforts to combat corruption, improving public revenues, reducing expenditures, and implementing comprehensive reforms and understandings with Yemen's partners from donor countries and organizations.

The Council of Ministers formed a higher supervisory committee headed by the Prime Minister and including the Governor of the Central Bank and the Ministers of Finance, Civil Service and Insurance, Planning and International Cooperation, Transport, Electricity, Industry and Trade, Local Administration, Oil and Minerals, the General Secretariat of the Council of Ministers and the Prime Minister’s Office.

The committee is responsible for monitoring and supervising the level of achievement of the government’s plan to deal with new developments and its urgent priorities, reviewing the reports submitted by the technical committee and evaluating the level of progress in completing the executive matrix of the government’s plan, in addition to reviewing the difficulties facing the process of implementing the plan and proposing appropriate solutions and working to mobilize the support and funding necessary to implement the plan.

The Council assigned the Chairman of the Supreme Supervisory Committee to submit reports on the level of progress and achievement in implementing the government’s plan to the Presidential Leadership Council, the difficulties and challenges facing the implementation process, and proposals for treatment.

The Council also approved the formation of a technical committee from the main and relevant authorities, which will be responsible for developing the appropriate mechanism and models to implement the plans of the authorities stipulated in the matrix, in a way that facilitates the process of implementation, follow-up and evaluation, and submitting reports to the Supreme Supervisory Committee on the level of implementation of the plan, the obstacles facing its implementation, and the proposals and solutions.

The Council of Ministers directed the relevant authorities to prepare a quarterly plan to implement policies, procedures and verification indicators and arrange them according to priorities.

The Council of Ministers held an extensive discussion on the measures and decisions required to strengthen and enhance the role and position of the government in facing the existing exceptional challenges, rearranging priorities according to urgent needs and available capabilities, and coordinating and integrating efforts to confront the intertwined challenges, focusing on the priority of development, completing the battle to restore state institutions and end the Iranian-backed Houthi coup, in addition to regional and international developments and changes and the vision for dealing with them.

The Council affirmed the government's commitment to work on implementing the directives of the Presidential Leadership Council, to accelerate procedures for dealing with the economic situation, contain the repercussions of the systematic measures of the Houthi militias that are destroying the national economy, and remove all obstacles and restrictions facing the humanitarian community.

He also stressed the importance of raising revenues, improving the state's access to its sovereign resources, combating corruption, enhancing transparency and accountability, and controlling the prices of services and basic goods.