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unstar this property registered interest false more like this
unstar this property date remove filter
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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: Financial Institutions and Imports more like this
unstar 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 he has made of the economic effect of regulating (a) imports, (b) commercial banks and (c) money exchangers in Yemen on Houthi revenues in that country. more like this
star this property tabling member constituency Leicester East more like this
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Keith Vaz more like this
star this property uin 261475 more like this
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answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-14more like thismore than 2019-06-14
star this property answer text <p>The Department for International Development does not have insight into how Houthi revenue flows have changed over time. The UK condemns Houthi interference in the operations of local banks in north Yemen, including the arrest of banking staff in February 2019.</p><p> </p><p>Effective economic regulations, alongside appropriate economic policies, will have critical humanitarian benefits in Yemen. Whilst the latest total food import levels into Yemen have exceeded pre-conflict requirements, high prices continue to drive the risk of famine.</p><p> </p><p>The need for effective economic regulation was demonstrated last year, when the Yemeni Riyal lost more than half of its value between January and October 2018. This caused prices to rise steeply and risked making food unaffordable for millions of vulnerable Yemenis. This depreciation was reversed after UK-led efforts released over $400 million of hard currency (provided by Saudi Arabia), to importers bringing food into the country.</p><p> </p><p>We will continue to constructively engage with the Government of Yemen to prevent any repeated depreciation, and to stabilise Yemen’s economy through more effective and transparent management of its public finance.</p>
star this property answering member constituency South West Wiltshire remove filter
star this property answering member printed Dr Andrew Murrison more like this
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less than 2019-06-14T13:39:06.17Zmore like thisremove minimum value filter
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1466
star this property label Biography information for Dr Andrew Murrison more like this
star this property tabling member
338
star this property label Biography information for Keith Vaz more like this