Finance Minister explores IMF’s support for public finance

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September Net

Finance Minister Ahmed al-Fadhli and Governor of the Central Bank of Yemen (CBY) Hafedh Me’ayad held talks on Thursday in Washington with Director of Middle East Department in the International Monetary Fund (IMF) Jehad Azaour.

The discussions focused on the challenges facing the Yemeni public finance amid current economic hardships and war.

Al-Fadhli cited most important indicators of stage general budget in 2019 which the government has approved recently with deficit estimated at 950 billion Yemeni Rial (YR).

The discussions also touched upon the government efforts to secure the public civil service employees around the country and to finance the deficit from non-inflationary resources.

Yemen’s Ambassador to Washington Ahmed Awadh bin Mubark was in attendance.

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