Government, rich partners ignoring deepening economic crisis in Yemen

Debriefer
2020-12-09 | Since 12 Hour

SANAA (Debriefer)--Yemen's interim capital Aden and other government-controlled regions have been experiencing economic woes for years. The crisis has recently started to worsen because of the fall of the national currency to its lowest level against foreign currencies. 
However the situation in the Houthi-run regions is relatively stable.
It seems that the government and its Saudi partners are not searching for solutions to address the crisis that has crushed the Yemeni people.
On Tuesday, prime minister Maeen Abdulmalik held the Houthi group responsible for the deterioration of the economy and humanitarian situation in the country.
At a meeting with Nick Dyer, the UK's Special Envoy for Famine Prevention and Humanitarian Affairs, he said: "The prevention of the circulation of the new banknotes, blocking the delivery of humanitarian aid and stealing aid in Houthi-run regions has exacerbated the humanitarian crisis in Yemen".
He warned of further economic deterioration which would seriously be reflected on the humanitarian situation, urging to mobilise aid for the programs of the government in order to prevent the collapse of the economy.
The government has prepared plans to address the humanitarian and economic crises, including conducting financial reforms aimed at putting an end to the depreciation of the rial, he said.
But he did not elaborate on the reasons which prevented the government from implementing reforms during his first two-year term.
Observers have raised questions about the sharp fall of the national currency, including whether it has been contrived within pressure placed on the government to serve Saudi-UAE schemes, including forming a new government before implementing the military and security part of the Riyadh agreement.
The government has been failed by its rich partners alleging they have intervened in the country to restore and help it, observers said.
Recent reports said the Yemeni rial has lost 250% of its value during the past five years amid growing UN concerns a famine is imminent. 
The six-year conflict has caused the world's worst humanitarian crisis, with two thirds of the population living on aid.


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