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Saudi Completion of UN Pledge a Reflection of Kingdom's Keenness to Alleviate Suffering in Yemen: Ambassador Al Jabir
Ambassador Al Jabir explained that the current payment supplemented the joint Saudi-Emirati "Imdad" initiative to strengthen food security and nutrition in Yemen with $500 million for the UN, announced in early 2019, as well as the $70 million provided jointly by the Kingdom of Saudi Arabia and the United Arab Emirates to pay teachers' salaries in Yemen in cooperation with UNICEF.
All of this Saudi aid, noted Al Jabir , represented an extension of the Kingdom's ongoing efforts to support the Yemeni people and improve living standards through the projects and initiatives of the Saudi Development and Reconstruction Program for Yemen (SDRPY). SDRPY projects improve essential services and economic opportunities in
Yemen in numerous sectors, including education, health, agriculture and fisheries, electricity, water, transportation, and residential and government building construction.
The ambassador added that the Kingdom had provided $2.2 billion to the Central Bank of Yemen (CBY) since the beginning of 2018, reinforcing the exchange rate of the Yemeni rial. This financial assistance to the CBY has covered letters of credit for Yemeni traders, sustaining imports of six basic foodstuff commodities and exceeding $1.3 billion so far.
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