- Despite the UN-declared truce agreement, which entered into force on 2 April 2022, the living conditions of more than 1.2 million public sector employees and their dependents remain catastrophic and are getting more aggravated. In fact, the truce agreement did not address this violation, which has accumulated since relocating the CBY administration from the capital, Sana’a, to Aden in August 2016. This deliberate violation that led to stopping the payment of these employees’ salaries has resulted in the lack of job opportunities and increased unemployment rates.
- During the past seven years, Yemen’s economy has deteriorated very dramatically due to the deliberate targeting of economic facilities (industrial, commercial, oil, agricultural, and fisheries) by the Saudi-led War Coalition countries. They imposed a comprehensive blockade coupled with arbitrary restrictions on the entry of materials, which are indispensable for survival of people, to the port of Hodeidah. Besides, the prices of basic commodities have skyrocketed dramatically. On the other hand, the repercussions of the Ukrainian-Russian war cast a shadow over the global economy in general and on Yemen in particular. As a result, millions of Yemenis suffer from the rise in commodity prices and face difficult living conditions. International reports have shown that the majority of the Yemeni people teeter on the brink of famine, as the crisis grinds on.
- In its Arab Economic Prospects report, the International Monetary Fund (IMF) forecasted Yemeni inflation to reach 141% for the year 2022, compared to a GDP growth of only 1.1%. Inflation will continue to rise as the Ukraine war continues. In addition to the aggravation of food shortages and high fuel prices, there are concerns over food insecurity in Yemen, which the International Monetary Fund (IMF) included among the low-income and oil-importing countries.
- Amidst the economic collapse and humanitarian disaster in all the governorates of the Republic, corruption and the looting of oil and gas revenues, the Ministry of Oil in the so-called Government of Aden disclosed that Yemen’s revenues from crude oil exports rose significantly in 2021 by 99.4% compared to 2020. Revenues exceeded $1 billion last year to reach $1.418 billion, compared to $710.5 million in 2020. As a result, the share of Aden government from the total value of oil exports increased to 75.1% in 2021, rising up from 60.3% in 2020, in addition to the rise in international oil prices. In fact, all these details have been admitted openly by Aden government. However, we would like to assure the international community that not even 10% of all these amounts are allocated to the development process, encountering the economic deterioration, and disbursing the public sector employees’ salaries that have been suspended since 2016. Rather, all these amounts have been deposited directly into the personal bank accounts of the corrupt officials of that government.
- The War Coalition forces, led by the US, KSA and UAE, continue to detain oil derivatives ships, despite completing all the procedures of inspection through the United Nations Verification and Inspection Mechanism in Djibouti (UNVIM) and obtaining UN pass permits confirming that the cargo conforms to the stipulated standards. By this, they absolutely disregard the announced truce agreement.
- The Saudi-led War Coalition continues to directly target economic facilities and services to achieve the maximum possible extent in increasing the human suffering of the Yemeni people. This can be clearly confirmed through the following table:
