RIYADH: The King Salman Humanitarian Aid and Relief Center (KSRelief) team in Aden met to discuss the progress of KSRelief-funded Livelihood Improvement Project being implemented in Yemen, and presented its recommendations.
The project manager, Hadi Ahmed Bajaber, spoke about the project’s achievements and the difficulties, noting that “the team is working to expand the existing project.”
He thanked KSRelief and the Kingdom for standing by the Yemeni people.
The project aims to provide job opportunities and improve infrastructure in targeted governorates across the country.
Fahmi bin Mansour, executive director of Al-Khair Coalition for Humanitarian Relief stressed the importance of this project to targeted communities, pointing out that 76 percent of the project has been completed.
The project, which is implemented in five provinces, aims to promote the society’s resilience and support early economic recovery.
As many as 2,501,897 Yemenis benefited from medical services provided by the KSRelief in 2018, the Saudi Press Agency reported.
Saudi Arabia’s KSRelief team discusses Yemen livelihood project
Saudi Arabia’s KSRelief team discusses Yemen livelihood project
- As many as 2,501,897 Yemenis benefited from medical services provided by the KSRelief in 2018, the Saudi Press Agency reported
Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference
- Event on Feb. 8 and 9 will bring together ministers, governors of central banks, policymakers, economic experts and international financial institutions
- Emerging-market economies a ‘pivotal element’ in global economic system due to effect they have on growth and stability, says Saudi Finance Minister Mohammed Al-Jadaan
RIYADH: The second annual AlUla Conference for Emerging Market Economies, which Saudi Arabia will host next week, offers a platform to exchange views on global developments and discuss policies and reforms that support inclusive growth and strengthen economic resilience, the Kingdom’s finance minister said.
The event on Feb. 8 and 9 will bring together finance ministers, governors of central banks and policymakers, alongside economic experts and representatives of international financial institutions.
Organized by the Saudi Ministry of Finance in partnership with the International Monetary Fund, it takes place as emerging-market economies face mounting challenges amid rapid global economic change.
Finance Minister Mohammed Al-Jadaan said the decision to host the conference reflects Saudi Arabia’s ongoing commitment to efforts that support global financial and economic stability, and highlights the growing influence of emerging economies on worldwide growth.
Emerging-market economies represent a “pivotal element” in the global economic system due to the direct impact they have on economic growth and stability, he added.
“The AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments, and discussing policies and reforms that will support inclusive growth and enhance economic resilience, in light of broader international cooperation that contributes to confronting common challenges,” Al-Jadaan said.
Kristalina Georgieva, managing director of the IMF, said the event would help emerging economies deal with growing uncertainty driven by technological change, demographic shifts and geopolitical tensions.
“The AlUla conference provides a vital platform for emerging economies to discuss how they can navigate the risks and embrace the opportunities ahead,” she said.
“In these times of sweeping transformations in the global economy, policymakers face a more challenging and uncertain environment. Countries should work together to strengthen resilience through sound macroeconomic and financial policies.”
