Saudi Arabia signed a deposit agreement with the Central Bank of Yemen with an amount of $1 billion.
The full deposit in the bank’s account was part of the directives of the Custodian of the Two Holy Mosques King Salman and the Crown Prince.
This comes as an extension of the Kingdom’s keenness and continuous support for the Republic of Yemen in terms of its economic development.
This support reflects the Kingdom’s firm commitment to the government and people of Yemen and to support the Yemeni government in carrying out its duties in order to restore the security and stability of Yemen.
According to a report on Tuesday, the deposit will contribute to strengthen capabilities in the field of implementing the economic reform program for Yemen with the Arab Monetary Fund as a technical body.
“The program aims to develop a clear road map and a vision that takes care of the Yemeni people first and addresses their needs,” the report unveiled.
It added, “It will also strengthen efforts to build reserves at the Central Bank of Yemen to enable it to enhance economic stability.”
SPA
