Private sector does not recognize Hadi's government in its dealings with international donors & is active to ensure its future interests
English - Wednesday 24 July 2019 الساعة 09:13 am
Aden – NewsYemen.net
The Yemeni private sector is seeking the trust of the World Bank Group and international organizations that are donors to Yemen to involve them in policy and project formulation initiatives ,drawing up lists of peace and reconstruction needs; mobilizing international pressure to compel decision makers in Sana'a and Aden to neutralize the banking sector.
The private sector, which established a conglomeration of 11 private Yemeni entities under the name of "private sector conglomeration in decision-making", said in a statement issued at the end of its second session in Amman, Jordan, that it had prepared a partnership policy with the World Bank Group, consistent with Yemen's Country Participation Note for the fiscal years 2020-2021.
The private sector bloc's statement said its next priorities include informing the bloc about progress reports on projects implemented by the World Bank, the Bank's participation in the draft and reports that are prepared before publication and circulation, and held meetings with project and program officials at the World Bank Group.
The statement added that the Yemeni private sector priorities in the coming period involve the private sector in the formulation of economic and development policies, and seek to ensure neutralizing the economic file and not used it among the conflict tools, because of the disastrous consequences for the economy, business and the private sector.
The private sector, which was established early outside Yemen, is to seek to obtain reconstruction funds and implement projects and programs of international organizations donor to Yemen, particularly the World Bank Group construction portfolio.
The private sector bloc includes several components, including chambers of commerce, service, industrial and engineering Unions, banks and cashiers Societies, Yemenis and Turkish businessmen Council of the Islah Party, the political wing of the Muslim Brotherhood in Yemen.
According to Yemen's Country Note for the fiscal years 2020-2021, published on the World Bank website, it aims to continue to support the provision of basic services and the preservation of institutions; and to provide support for livelihoods, human capital and basic economic recovery.
The Country Note, which will be participated in activities in Yemen, envisages support through targeted lending, technical assistance, advisory and analytical services for post-conflict preparation and assistance in forming its shape.
The World Bank stopped its direct projects and funding to the Yemeni government early 2015 and continued its humanitarian operations through UN agencies. The World Bank's operations in Yemen over the past years amounted to about $ 1.3 billion.
According to the statement of the private sector bloc, the Yemeni businessmen, during the meeting that brought them together with representatives of the International Monetary Fund in Jordan, presented the challenges facing the banking sector in Yemen in the light of the ongoing conflict in Yemen, expressing their readiness to exert all efforts with the international community and the parties to the conflict to find a solution that saves the banking sector of a meltdown.
Monitors criticize the performance of the Yemeni private sector, whose wealth was made up of the Yemeni people's funds towards the country's basic issue, and its continued funding of the Houthi militias with the money it directs to strike the Yemeni people; and its bias towards his own interests which it placed above the national interest.
They said to NewsYemen that the proposal of the private sector bloc towards the Central Bank of Yemen, and its demand to neutralize the conflict, is a denial of the Legitimacy of the Central Bank of Yemen in Aden, and similar to the Houthi militias' vision which does not recognize the Central Bank of Aden, and refuses to implement the bank's procedures.
