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The National Team For Foreign Outreach - Yemen

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ECONOMIC SITUATION – April 2020

The Saudi-led war coalition against Yemen continue making Yemen a quagmire of war, starvation, killing and economic blockade through illegal and inhumane measures aimed at undermining the livelihood of Yemeni citizens. This includes the decision to transfer the Central Bank administration from Sana’a to Aden in August 2016, which led to the interruption of salary payments for approximately one million and 200 thousand public service employees, which in turn led to the largest humanitarian disaster in the world.

With the emergence of the deadly coronavirus pandemic, all countries of the world have taken preventive and economic measures for the sake of human life, providing all life-saving necessities. However, the countries of war coalition on Yemen did not care about this and continue to kill and destroy the Yemeni people by bombing and imposing unjust siege on Yemen.

The Saudi-led war coalition countries intransigently continue to impose blockade through piracy actions in seizing and restricting the movement of oil, food and pharmaceutical derivative ships to the port of Hodeidah, despite having the UN pass permit documents after inspection. The ships are carrying more than half a million tons of gasoline, diesel, flour, sugar, corn and soybeans to the port of Hodeidah to cover the needs of citizens for 80% of the Yemeni population.

The detention of oil derivative ships and food-laden ships to the port of Hodeidah has led to higher costs of shipments of imported food and medicine, creating stifling fuel crises, tightening the screws on citizens, increasing their suffering and consequently widening the circle of poverty. It has also led to a crisis in the operation of hospitals, factories and means of transportation, despite global warnings to confront the spread of the deadly Corona virus (COVID-19).

The countries of war coalition against Yemen sought to target the industrial and investment sectors, which led to great economic losses. The losses were distributed among 34 projects in the industrial sector, 4 in the agricultural and animal sectors, 14 in the service sector and 7 in the tourism sector. Moreover, the General Investment Authority (GIA) has lost a wide range of investment opportunities and agreements that could have accommodated thousands of workers. They also intended to turn some industrial areas into an arena of military confrontation, as they did in Hodeidah, which caused more than 27,000 workers to lose their jobs by demobilizing them after destroying and damaging investment projects.

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