Sana’a: Yemen Not Bound by Agreement Signed by Pro-Coalition Gov’t with AMF

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Foreign Minister of the Sana’a government, Hisham Sharaf, on Tuesday affirmed that the Republic of Yemen is not bound by the agreement signed between the Arab Monetary Fund (AMF) and the government loyal to the Saudi-led coalition.

The Foreign Minister considered that the agreement falls within the framework of a political propaganda move sponsored by Saudi Arabia and does not serve the interests of the Republic of Yemen and its people.

READ MORE: High Interest Loan, Economic Guardianship…Al-Alimi Signs for Saudi Arabia to Control Yemen’s resources

“The agreement, which includes providing a loan of one billion dollars with high interest rates, is unacceptable, and therefore falls as a form of future obstacles to any consensual political arrangements or settlement in the post-war stage,” Sharaf said.

“Helping the Yemeni people comes by supporting their national economy and dealing with the current situation of the deterioration of the local currency and the great difficulties that Yemen faces due to the military ‘aggression’ and the comprehensive blockade for eight years,” he added.

Sana’a Foreign Minister called on the AMF, the International Monetary Fund (IMF), the World Bank and other regional and international financial institutions not to take additional unconsidered steps and measures that do not take into account the reality of the political and economic conditions in the country.

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