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1020817
star this property registered interest false more like this
star this property date less than 2018-12-07more like thismore than 2018-12-07
star this property answering body
Department for International Development remove filter
star this property answering dept id 20 more like this
star this property answering dept short name International Development more like this
star this property answering dept sort name International Development more like this
star this property hansard heading Yemen: Overseas Aid remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for International Development, what assessment her Department has made of the effect of the conflict in Yemen on that country's economy; and what steps her Department is taking to support the Yemen economy. more like this
star this property tabling member constituency Liverpool, West Derby more like this
star this property tabling member printed
Stephen Twigg more like this
star this property uin 200071 remove filter
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-12-14more like thismore than 2018-12-14
star this property answer text <p>Yemen’s recent economic crisis is one of the biggest risks threatening to tip Yemen into famine, with the Yemeni Riyal losing over 40% of its value between June and October.</p><p>The UK’s immediate leadership at the height of the economic crisis in October prevented a worsening of the situation. We worked with the Central Bank of Yemen in releasing $270 million of hard currency, provided by Saudi Arabia, to support importers bringing food staples into the country.</p><p>We also successfully pressed for the suspension of unnecessary processes introduced by the Government of Yemen in bringing these goods into the country. This has eased the pressure of price increases and temporarily stabilised the currency - the value of the Riyal has since appreciated, rising from 755 YER per USD to 500 YER per USD.</p><p>However, much more remains to be done. The UK is now working with the Government of Yemen to facilitate greater financial transparency, ensure foreign currency is available to commercial importers and rebuild key financial institutions.</p>
star this property answering member constituency North East Bedfordshire more like this
star this property answering member printed Alistair Burt more like this
star this property question first answered
less than 2018-12-14T15:33:19.72Zmore like thismore than 2018-12-14T15:33:19.72Z
star this property answering member
1201
star this property label Biography information for Alistair Burt more like this
star this property tabling member
167
unstar this property label Biography information for Stephen Twigg more like this