The Regional Representative of the International Fund, Ghazi Shbeikat, announced that Yemen will receive $665 million from International Monetary Fund reserves, which will help alleviate a severe economic and humanitarian crisis in the war-torn country. The amount represents Yemen’s share of the liquidity that the International Monetary Fund will supply to global markets, by increasing its reserves of Special Drawing Rights, with a total value of 650 billion dollars, distributed based on the members’ shares in the Fund’s reserves. He added that the allocation of special drawing rights will boost Yemen’s foreign exchange reserves by more than 70 percent and will provide much-needed support to help address the crisis, including the urgent food and medical needs of the population.
Khabar Khair (Only Good News) In mid-November, Humanitarian Access opened three water wells in the governorates of Hadhramout and Shabwa, benefiting 2,298 people. Two of wells are in the areas […]
Khabar Khair (Only Good News) On Wednesday, November 16, 2022, the UAE and through the World Health Organization, provided a shipment of medicines and medical supplies to Mukalla Maternity and […]
Khabar Khair (Only Good News) On Thursday, October 27, 2022, a project to restore, maintain and furnish the basic and secondary School of Martyr Ahmed Mahmoud in Al-Misrakh District in […]