SDRPY Signs Agreement with Yemeni Finance Ministry to Deposit SAR1.3 Billion in Economic Support

The Saudi Development and Reconstruction Program for Yemen (SDRPY) has signed an agreement with the Yemeni Ministry of Finance to deposit SAR1.3 billion in economic support, following directives from the Saudi leadership.
 Represented by SDRPY General Supervisor Ambassador Mohammed Al Jaber and Yemeni Finance Minister Marwan bin Ghanem, the agreement allocates funds to cover operational expenses and salaries while reinforcing financial governance and transparency.
 This support aims to bridge the budget deficit, bolster foreign exchange reserves, and enhance the Yemeni state's capacity to meet its obligations and implement economic reforms. By ensuring regular income for families and improving purchasing power, the initiative seeks to stabilize the macroeconomy and revitalize commercial markets.
 Furthermore, the agreement extends the Kingdom’s historical support, including central bank deposits and petroleum grants, while continuing the SDRPY’s institutional capacity-building program launched in 2021 to empower Yemeni government personnel and improve performance across vital sectors.