Mr. Hussein Al Suhaily, Chairman of Tamdeen Youth Foundation, and Coordinator of the Humanitarian Action Localization and Economic Recovery Initiatives in Yemen, together with the Acting Chairman of the Banks Association, Mr. Mahmoud Qaid Naji, have discussed the Economic Recovery Initiative and its relationship to optimizing the fiscal and monetary policy mechanism, and its impact on the improvement of society.

Al Suhaily said that the fiscal policy must be worked on both with monetary policy, and if we succeed in the economic issue, we will certainly succeed in the humanitarian and peace issues.

He pointed out that the banking sector must be neutralized as it serves people in all governorates, noting that the Government complains from the private sector, and vice versa, and our role as a civil society and banks association is to reconcile all relevant actors.

Al Suhaily added, "We are working on coordination and networking to develop a joint plan for an advocacy campaign aimed at neutralizing the economy, reconciling financial institutions, and leading to recovery and economic recovery, noting that meetings with banks will only take place through its representative portal, the Banks Association."

"As a civil society, we are part of an integrated system. Our role in this situation is to promote the role of the Central Bank, the Chamber of Commerce and Industry, and the Banks Association,"  he said, adding that we will arrange next steps in partnership with the Association to bring together views and lead negotiations between all relevant actors and parties to promote the economic agenda.

In turn, Naji welcomed the visit and praised the efforts of Tamdeen Youth Foundation, particularly in the Recovery and Economic Empowerment Initiative.

He said that all actors on the economic side should prepare for an appropriate atmosphere and avoid escalation.

He suggested unifying the Central Bank's Board of Directors, or engaging in joint coordination on fiscal policy.

He said that any sanctions or damage to banks will increase the fragility of Yemen's economic situation, pointing out that the survival of banks enhances the survival and role of the central bank.

"We express the concerns and aspirations of all banks. The Association has a neutral and professional attitude with all parties. We have no political positions at all. Our role is to serve and represent banks."

He noted that the Association is seeking to restore the relationship with international banks, and is therefore careful to prevent suspicious operations.

The meeting was attended by TYF's Advocacy Officer, Mr. Ammar Al Ashwal, its Humanitarian Action Localization Program Manager, Mr. Abdul Qawi Hajib, and its Liaison Officer,  Mr. Adnan Aqlan, and the Association's Chairman Assistant, the Director of Studies and Research, Mr. Akram Al Jarmozi, and its Media Officer, Director of Al Masarif Magazine, Mr. Fouad Al Qadi.