Yemen discuses with World Bank means of using SDR

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Yemen discuses with World Bank means of using SDR

[21/12/2021 06:55]

RIYADH-SABA
Minister of Finance Salem bin Buraik and Governor of the Central Bank of Yemen Ahmad al-Ma'abaqi discussed Tuesday with World Bank's team, through visual communications, means and methods of using Special Drawing Rights worth USD 650 million allocated by the organization to Yemen.

The meeting discussed means of liquefying units of drawing rights and ways of using them and the two parties agreed on making a mechanism for absorbing those funds for the purpose of realizing relative stability to the prices of Yemeni rial and alleviating suffering of the people over increasing food goods' prices.

The meeting also discussed possibility of using part of the SDR for developmental purposes serving the interests of the homeland and citizens, in addition to responding to public health needs, mainly coronavirus vaccines and requirements.