IMF, oil deals hampered by Houthi control of Central Bank: Yemeni PM

Published July 4th, 2016 - 07:28 GMT
Yemen's Central Bank fell under Houthi control in March. (Nabanews.net)
Yemen's Central Bank fell under Houthi control in March. (Nabanews.net)

Sources at the International Monetary Fund (IMF) revealed that IMF official continue to deal with Yemeni Central Bank under Houthis’ control, despite Resolution 2216 that called the insurgents to hand over the state to the legitimate government.

Sources told Asharq Al-Awsat newspaper that since the Central Bank is still functioning, IMF can’t cut deals with it.

According to Prime Minister Ahmed Obeid bin Daghr, the government doesn’t take full responsibility for the destruction in the infrastructure.

He confirmed that the government will not sell gold or oil for its revenues to go to the Central Bank under insurgents’ control.

For the first time, bin Daghr condemned international community for still providing resources to the Central Bank.

Bin Daghr also criticized the so-called “economic truce” since it encouraged Houthis to further take money that was initially set for oil purchases.

According to bin Daghr, Yemen has the ability to overcome all the problems if the legitimate government was allowed to sell oil and free Ras Isa Refinery of Houthis’ control.

Prime Minister pointed out that will, not only solve the problems in Aden and other liberated areas, but it will also solve the electricity issues in Sanaaa, Taiz, al-Hadida, al-Mekla and other cities.

Bin Daghr added that the oil derivatives require an amount of 4 million dollars daily for Aden and nearby districts. He explained that providing this amount of money is of the responsibility of the Central Bank which became under insurgents’ control in March.

He stressed that the Central Bank is required to send the money to Aden as long as all governmental institutions are sending money.

Bin Dagher warned that excess spending would lead to lack of funds and thus leads to the inability to pay employees’ salaries including military personnel.

He added that everyone knows that Houthis’ only send few funds to Aden just to delude the international community that they are committed to the agreements. He explained that the government has evidence and documents that prove that Houthis are using the the money allocated for electricity and other facilities in Aden for their personal funding.

According to the prime minister, Houthis are taking about 33% of government’s expenditure for their military funding.

He concluded that when the government was aware of the problem when it returned to Aden, yet it preferred to come and try to solve what could be solved.

By Najlaa Habiri, Mohammed Ali Mohsen

 
 

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