Al-Alimi stresses the role of the private sector in supporting the economy and backing the government’s efforts to curb inflation and improve the value of the currency

Chairman of the Presidential Leadership Council, Dr. Rashad Muhammad Al-Alimi, stressed today, Monday, the role of the private sector in supporting the national economy and supporting the government's efforts to curb inflation, maintain service and commodity stability, and improve the position of the national currency.

This came during his meeting with the council member, Dr. Abdullah Al-Alimi, at Maashiq Palace, with the head of the Aden Chamber of Commerce and Industry, Abu Bakr Ba’abid, and members of the chamber, and businessmen, in the presence of the head of the economic team, Hussam Al-Sharjabi, according to the Yemeni News Agency “Saba”.

The meeting witnessed an open discussion with the Chairman and members of the Chamber of Commerce and Industry, and representatives of the private sector, who expressed their keenness to support the government decision-maker, share ideas and visions on various issues, and respond responsibly to urgent economic developments and recent changes in the status of the national currency, and limit their repercussions and humanitarian consequences on the lives of citizens.

During the meeting, the Chairman of the Presidential Leadership Council stressed the Council’s and the government’s keenness to maintain continuous communication with the private sector and the business community as a leader in the development process in various sectors.

The Chairman of the Leadership Council and a member of the Council stressed the role of the private sector in supporting the national economy and its appreciated interventions in alleviating the human suffering exacerbated by the Houthi terrorist attacks on oil facilities and international shipping lines.

In this context, he called for the role of the commercial sector in supporting the government's efforts to curb inflation, maintain service and commodity stability, improve the position of the national currency, and limit the repercussions of the monetary division imposed by the Houthi militias as an economic war card.

The Chairman of the Presidential Leadership Council presented a matrix of measures coordinated with all authorities to accelerate the implementation of the economic rescue plan, take the necessary measures to contain the general budget deficit, deter currency speculators, monitor markets and prevent monopoly, in order to limit the side effects of price fluctuations on living conditions.

Al-Alimi stressed the keenness of the Council and the government to provide all facilities to the private sector, enhance its leading role in the development process, and achieve economic stability and food security in the country.