On December 26, 2024, the internationally recognized Yemeni government approved a governmental economic plan focusing on urgent priorities and established an executive framework for its implementation. An oversight committee was also formed to monitor the progress of the plan's execution.

This decision was made during an extraordinary meeting led by Prime Minister Dr. Ahmed Awad bin Mubarak via video conference, which included the participation of the Governor of the Central Bank of Yemen, according to the official Yemeni news agency, Saba.

The meeting emphasized the importance of incorporating feedback from council members to ensure an effective governmental response to the ongoing economic challenges and to mitigate the catastrophic humanitarian consequences caused by the Houthi group, which is internationally designated as a terrorist organization.

Discussions included the efforts of the ministerial committee, chaired by the Minister of Finance, which was tasked with preparing the plan. The committee considered five priority pathways outlined by the Prime Minister, as well as the economic, financial, and monetary reform program signed with the Arab Monetary Fund.

To implement the plan, the government established a high supervisory committee responsible for overseeing the progress of the government's response to current developments and urgent priorities. This committee will review reports submitted by the technical committee and evaluate the progress of the plan's execution.

The committee will be chaired by the Prime Minister and include the Governor of the Central Bank, along with other ministers from finance, civil service, planning and international cooperation, transport, electricity, industry and trade, local administration, oil and minerals, and the Secretary-General of the Cabinet.

The council tasked the head of the supervisory committee with reporting on the progress and challenges faced during the implementation of the plan to the Presidential Leadership Council, along with proposed solutions.

Additionally, the government approved the formation of a technical committee from relevant agencies to develop mechanisms and models for executing the plans outlined in the framework, facilitating monitoring and evaluation. This committee will report on the level of plan execution, obstacles encountered, and suggested solutions.

During the meeting, related agencies were instructed to prepare a quarterly plan for implementing policies and procedures, organized by priority.