WASHINGTON: US Secretary of State Mike Pompeo said on Tuesday Washington was ‘concerned’ over the Southern Transitional Council (STC), a separatist group, declaring self-rule in Yemen’s south, warning such actions threatened efforts to revive talks between the Yemeni government and Houthi rebels.
“Such unilateral actions only exacerbate instability in Yemen,” Pompeo said in a statement. “They are especially unhelpful at a time when the country is threatened by COVID-19 and also threaten to complicate the efforts of the UN Special Envoy to revive political negotiations between the government and the Houthi rebels.”
The Arab coalition, which includes Saudi Arabia, has announced a unilateral truce prompted by a United Nations plea to focus on the coronavirus pandemic. The Houthis have not accepted it and violence has continued.
Yemen’s internationally recognized government warned of “catastrophic consequences” after the STC on Sunday declared emergency rule in southern governorates including Aden, interim seat of the government that was ousted from power in the capital, Sanaa, by the Houthi group in late 2014.
“We call on the STC and the Republic of Yemen government to re-engage in the political process provided under the Riyadh Agreement,” Pompeo said.
On Monday, the coalition engaged in Yemen urged the STC to rescind its move, saying it was an “escalatory action” at a time when all parties should focus on confronting the novel coronavirus.
Pompeo says US ‘concerned’ over south Yemen separatist self-rule declaration
https://arab.news/g7bn3
Pompeo says US ‘concerned’ over south Yemen separatist self-rule declaration
- 'Such unilateral actions only exacerbate instability in Yemen,' Pompeo said
Syria’s growth accelerates as sanctions ease, refugees return
- Economy grows much faster than World Bank’s 1% estimate, fueling plans for currency’s relaunch
NEW YORK: Syria’s economy is growing much faster than the World Bank’s 1 percent estimate for 2025 as refugees flow back after the end of a 14-year civil war, fueling plans for the relaunch of the country’s currency and efforts to build a new Middle East financial hub, central bank Governor AbdulKader Husrieh has said.
Speaking via video link at a conference in New York, Husrieh also said he welcomed a deal with Visa to establish digital payment systems and added that the country is working with the International Monetary Fund to develop methods to accurately measure economic data to reflect the resurgence.
The Syrian central bank chief, who is helping guide the war-torn country’s reintegration into the global economy after the fall of Bashar Assad’s regime about a year ago, described the repeal of many US sanctions against Syria as “a miracle.”
The US Treasury on Nov. 10 announced a 180-day extension of the suspension of the so-called Caesar sanctions against Syria; lifting them entirely requires approval by the US Congress.
Husrieh said that based on discussions with US lawmakers, he expects the sanctions to be repealed by the end of 2025, ending “the last episode of the sanctions.”
“Once this happens, this will give comfort to our potential correspondent banks about dealing with Syria,” he said.
Husrieh also said that Syria was working to revamp regulations aimed at combating money laundering and the financing of terrorism, which he said would provide further assurances to international lenders.
Syria’s central bank has recently organized workshops with banks from the US, Turkiye, Jordan and Australia to discuss due diligence in reviewing transactions, he added.
Husrieh said that Syria is preparing to launch a new currency in eight note denominations and confirmed plans to remove two zeroes from them in a bid to restore confidence in the battered pound.
“The new currency will be a signal and symbol for this financial liberation,” Husrieh said. “We are glad that we are working with Visa and Mastercard,” Husrieh said.
