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star this property registered interest true more like this
star this property date less than 2018-12-20more like thismore than 2018-12-20
star this property answering body
Department for International Development more like this
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: Armed Conflict more like this
star this property house id 1 more like this
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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 economic recovery in that country. more like this
star this property tabling member constituency Leicester East more like this
star this property tabling member printed
Keith Vaz more like this
star this property uin 204385 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
unstar this property answer text <p>As Mark Lowcock, the UN Under Secretary General, explained to the UN Security Council on 23 October, Yemen’s recent economic crisis threatens to tip the country into famine, with the Yemeni Riyal losing over 40% of its value from June to October 2018.</p><p> </p><p> </p><p> </p><p>The UK led discussions with the US, Saudi Arabia and the United Arab Emirates so the Central Bank of Yemen could release $270 million, provided by Saudi Arabia, in letters of credit to support commercial food importers with foreign currency to purchase wheat and other staples for import. These measures have resulted in an appreciation of the Riyal, and prices of staples are starting to decline which means that ordinary Yemenis are more able to buy food that is in the markets.</p><p> </p><p> </p><p> </p><p>However, much more remains to be done. We welcome the positive outcomes of consultations in Stockholm and continue to encourage further constructive and urgent engagement on the economy. A political settlement is the only way to bring long-term stability to Yemen and to address the worsening humanitarian crisis.</p><p> </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
remove filter
unstar this property answering member
1201
unstar this property label Biography information for Alistair Burt more like this
star this property tabling member
338
unstar this property label Biography information for Keith Vaz more like this