• العربية
  • Deutsch
  • Français

The National Team For Foreign Outreach - Yemen

  • العربية
  • Deutsch
  • Français

ECONOMIC SITUATION – August 2022

  1. The salaries of more than 1.2 million public sector employees, especially those in the areas administered by the National Salvation Government (NSG). Meanwhile, the so-called Aden-based government pays the salaries of employees who are present in the governorates controlled by the Saudi-led Coalition of War on Yemen. Despite their commitment before the United Nations General Assembly in August 2016 to transfer the operations of the Central Bank of Yemen (CBY) from the Capital Secretariat, Sana’a, to Aden governorate and duly disburse the salaries of all public sector employees, they unfortunately have not fulfilled their obligations so far. This has negatively affected the employees and their dependents, and significantly increased their humanitarian suffering. Many state employees were hopefully looking forward to receiving their salaries during this month, according to the UN-brokered and supervised truce agreement. However, the Saudi-led Coalition refused to resolve the salary file crisis, despite the calls of the Supreme Political Council government in Sana’a that the crisis of government employees’ salaries file should be resolved once and for all.
  2. One month after the declaration of the Third Truce, the UN special envoy to Yemen stated in a statement that the extension of the truce includes the parties’ commitment to reach an extended truce agreement. This will allow for an agreement on an appropriate mechanism for paying the salaries of public sector employees and retirees regularly, providing fuel and ensuring its regular flow through the ports of Hodeidah, as well as operating more flights to and from Sana’a airport, and reopening roads in Taiz and other governorates.
  3. The head of Sana’a government (NSG) negotiating delegation stressed during his visit to Russia that extending this truce may be the last chance, if they did not put a mechanism for paying public sector employees’ salaries and lifting restrictions on the country. In fact, an initiative to pay salaries has been presented and a special bank account was opened for the revenues of Hodeidah port provided that the other party should deposit the required amounts, but they flatly refused.
  4. The Ministry of Foreign Affairs of the National Salvation Government (NSG) in Sana’a informed the Resident Representative of the World Food Program (WFP) in Yemen of the need for economic support for the country to restore the progress of economy, trade and business, as this would create assistance positions that would reduce the high level of unemployment in Yemen.
  5. The Food and Agriculture Organization of the United Nations (FAO) stated that the repercussions of the Ukraine war have affected Yemeni families due to the skyrocketing of food commodities prices and the high cost of living, despite the Yemeni truce’s entry into force, as well as the division of financial and monetary institutions and the fragmentation of the local currency.
  6. Yemen Petroleum Company (YPC) in Sana’a stated that the revenues of fuel imports arriving at Hodeidah port are deposited into the account allocated for salaries at CBY branch in Hodeidah, based on Stockholm Agreement. The total revenues deposited last year amounted to more than 23 billion YR, an amount that does not cover payment of one month’s salaries.
  7. The Saudi-led Coalition and their mercenaries continue to loot the revenues of crude oil and gas, which could revive Yemen’s economy, reduce famine and alleviate the humanitarian disaster. Data from CBY of Aden confirmed that the revenues of crude oil and gas during the first half of 2022 increased by $187.6 million, i.e. 34%, and amounting to $739.3 million, compared to $551.7 million during the same period in 2021. This was mainly due to the global high demand for energy during the Ukrainian war. However, all those revenues go to Saudi and UAE banks.
  8. In a clear violation of the terms of the UN-declared truce, the Saudi-led Coalition 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 for docking at Hodeidah port, which in turn raises the ships’ demurrage charges.
  9. Yemen Gas Company (YGC) in Sana’a stated that during the period from January to August 2022, the revenues from domestic gas sales amounted to more than 100 billion YR, which were deposited into the account of Marib Bank.
  10. Yemen Red Sea Ports Corporation (YRSPC) in Hodeidah confirmed that the Saudi-led Coalition prevented the entry of more than 600 items and commodities as well as the spare parts for equipment, machinery and bridge cranes. The statement added that container ships have been strictly prohibited from docking at the ports of Hodeidah since 2017.
  11. Despite the truce declared by the United Nations, the Saudi-led Coalition of War on Yemen continues to directly target economic facilities and services with a view to achieving the maximum possible extent in increasing the human suffering of the Yemeni people.

« 4 of 4 »
Play Video

Statistics

Close