Humanitarian updates
Suspension of regional and international donor support has undoubtedly contributed to worsening the economic and social crises. Therefore, we call on our donors to resume their support to Yemen, particularly financing the cash assistance provided to the poor beneficiaries of the Social Welfare Fund, as well as financing the basic services projects that are necessary for all Yemenis. Said Dr. Mohammed Al‐Maitami , Minister of Planning and International Cooperation in MoPIC social economical updates No.16.
Hadi’s government wants to relocate the Central Bank to the south, due to real and perceived interference and a desire to assert control over state functions ( as demanded by PM. Ahmed bin Dahgher) . Overall they have demanded more oversight and control over the CBY and have sought to set up parallel ‘state trade accounts’ in a direct challenge to the authority of the CBY which is still regarded as an impartial institution in Yemen. The Prime Minister has written to the IMF to request the freezing of the remaining foreign currency reserves of the CBY and no longer recognizing the authority of the Governor who is widely respected as impartial and competent. This could have disastrous implications for food security.
Cash distributions affected‐ Oxfam confronted challenges in making cash distribution in the north through a Post Office, with the latter citing a lack of YER to make the transfer. Whilst the issue has been resolved and the transfer was made, this does highlight the ongoing instability in the Yemeni banking sector.