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Saudi Arabia Commits USD347M to Stabilize Yemen's Economy
(MENAFN) Saudi Arabia has unveiled a 1.3 billion Saudi riyal (approximately $347 million) financial package aimed at shoring up Yemen's struggling economy and narrowing its widening budget deficit.
The Saudi Development and Reconstruction Program for Yemen disclosed the move via social platform X, stating the funds are designed to stabilize government cash flows, ensure the consistent payment of public sector salaries, and strengthen overall fiscal policy management across the war-battered nation.
The latest injection builds on a sweeping development commitment announced in January, when the Program unveiled a 1.9 billion Saudi riyal (approximately $507 million) package — spanning 28 initiatives and projects targeting critical sectors including energy, education, and transportation.
The Saudi Development and Reconstruction Program for Yemen disclosed the move via social platform X, stating the funds are designed to stabilize government cash flows, ensure the consistent payment of public sector salaries, and strengthen overall fiscal policy management across the war-battered nation.
The latest injection builds on a sweeping development commitment announced in January, when the Program unveiled a 1.9 billion Saudi riyal (approximately $507 million) package — spanning 28 initiatives and projects targeting critical sectors including energy, education, and transportation.
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