Yemeni Government: War Losses Exceed $126 billion  

The Yemeni government said that the national economy suffered from severe losses - during the war years - exceeded $126 billion of Gross Domestic Product (GDP). The government confirmed the escalation of inflation rates and the deterioration of the national currency exchange rate against foreign currencies by more than 300 percent.

It indicated - during a meeting of a government delegation in the Jordanian capital with a number of European diplomats - that the unemployment rate in the country has risen to more than 35 percent and poverty to about 78 percent of the population.

The government delegation, which included the Ministers of Planning (Waed Badeb) and Finance (Salem Ben Boreik) and Deputy Governor of the Central Bank (Omar Banaja), discussed with the Deputy Head of the European Union Mission in Yemen, Marion Lilas, and officials in the Organization for Economic Cooperation and Development (OECD), support priorities in the field of Institutional building, recovery and strengthening economic resilience.

The Yemeni Minister of Planning said that the economic and humanitarian situation in Yemen is worrying, calling on all donors to help Yemen get out of its deepening crisis that has affected the lives of more than 80 percent of the population.

The European Union (EU) had announced the launch of a project to support Yemen's economy, which is suffering from a severe crisis, coinciding with the deterioration of the local currency's price against foreign exchange.