Former Yemeni President Ali Nasser Muhammad Discusses Economic Recovery and Government Performance

Monday 1 Nov 2024 |2 hours ago
Former Yemeni President Ali Nasser Muhammad

Barran Press

In an interview with Barran Press on Saturday, November 23, 2024, former Yemeni President Ali Nasser Muhammad shared his insights on the performance of the Presidential Leadership Council and the internationally recognized Yemeni government, particularly regarding the provision of essential services and the improvement of living conditions for citizens.

Muhammad expressed his observations on the activities of the Presidential Council, led by President Rashad Al-Alimi, stating that he hoped the council would prioritize enhancing the lives and security conditions of citizens by ensuring basic services such as electricity, water, healthcare, and education—especially in Aden and other provinces where electricity has been available for over a century.

He reiterated the importance of dialogue among all parties in Yemen, north and south, emphasizing that this remains a crucial demand for the country's stability and security.

Regarding the collapse of the national currency and the overall economic situation, Muhammad stressed the need to curb the mismanagement of revenues from state institutions and ensure transparency in their allocation to the Central Bank. He pointed out the necessity of halting the ongoing drain of public funds, particularly in sensitive areas like electricity, which he described as a significant challenge due to the lack of a serious strategy for its resolution.

Additionally, he called for the rationalization of non-essential governmental administrative expenditures, especially those consuming foreign currency, which continue to inflate without justification.

Muhammad underscored the importance of resuming productive sectors that could provide the country with foreign currency, such as the Aden refinery and various oil sectors that reportedly encompass over 130 maritime and land sectors throughout Yemen.

He concluded that the absence of transparency and accountability remains a major obstacle to genuine development, hindering the implementation of strategies needed for economic growth. He stated that all these solutions require the restoration of a unified government that guarantees equitable distribution of national wealth, builds a strong and independent national economy, and fosters citizen trust in state institutions, ultimately setting Yemen on the path to recovery.

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