Saudi Arabia to Provide $500 Million Aid to Yemen’s Government
Saudi Arabia has announced it will grant $500 million to Yemen’s internationally recognized government to help cover salaries and other expenses, as confirmed by a Saudi official on Friday.
Part of Larger Aid Package
This sum is part of a $1.2 billion financial package approved last year to support Yemen’s government, which was displaced from its capital, Sanaa, in 2014 by the Iran-backed Houthi rebels.
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The funding is aimed at addressing Yemen’s budget deficit and will support salaries, operational expenses, and efforts to improve food security and implement economic reforms, reflecting Saudi Arabia’s ongoing commitment to the country’s security, stability, and prosperity.
Previous Contributions and Continued Support
Saudi Arabia previously made payments of $250 million in February and August of the previous year. This latest allocation is designed to stabilize Yemen’s fragile economy, particularly in the wake of the protracted conflict.
Ceasefire and Ongoing Tensions
Although a UN-brokered ceasefire has significantly reduced fighting since April 2022, Yemen remains one of the world’s poorest and most volatile countries. The Houthis, meanwhile, are currently engaged in escalating tensions with Israel, carrying out missile and drone attacks that have led to Israeli air raids on multiple targets.
Moreover, the Houthi-led attacks on Red Sea shipping—a move made in solidarity with Palestinians during the Gaza conflict—have prompted retaliatory strikes from the United States and Britain.
The ongoing support from Saudi Arabia is seen as a crucial lifeline for Yemen’s government and efforts to bring lasting peace to the war-torn country.
