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) Funded by the United Nations Development Programme (UNDP), the following entities: the branch of the Supreme Council for the Management and Coordination of Humanitarian Affairs […]
Khabar Khair (Only Good News) King Salman Humanitarian Aid and Relief Center (KSRelief) has signed a joint cooperation agreement with a civil society institution to implement a project for drilling […]
Solar Energy System Rehabilitation Inaugurated and Water Project Installed in Al Rawdah City, Shabwah GovernorateFebruary 18, 2024
Khabar Khair (Only Good News) Funded by the German Federal Foreign Office (AA) and in partnership with Diakonie Katastrophenhilfe (DKH) and the implementation of Yemen Family Care Association (YFCA), the […]