RIYADH, Saudi Arabia- A quartet meeting, held in the Saudi capital, Riyadh, urged the international community to provide Yemen with more financial support.

Officials from Saudi Arabia, the United Arab Emirates (UAE), the United States and Britain, met to discuss the economic and humanitarian situation in Yemen.

Senior officials from the four countries gathered, to identify key actions to address issues in Yemen, and said that, despite the realised support, Yemen's economic situation and currency, riyal, remain fragile.

The statement highlighted that some steps have been taken to help Yemen's economy, including an initial deposit of two billion U.S. dollars into the Central Bank of Yemen, 200 million dollars granted to the government of Yemen, and monthly donation of 60 million dollars in fuel derivatives, for municipal power generation.

The four sides agreed to establish an advisory committee to meet monthly, for further measures to stabilise the currency, strengthen the regulation of foreign currency flows, and support the Yemeni government's efforts to improve its economic management.

The officials also decided to support the establishment of an international trade facility, under the supervision of the Central Bank of Yemen, and help the Yemeni government to implement overall economic reform, including payment of civil servants' salaries.

The officials also reaffirmed the role of economic development in alleviating the humanitarian situation, stressing the critical importance of humanitarian and commercial access, as well as, the protection of civilians and infrastructure.

Source: NAM NEWS NETWORK

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