The Yemeni Islah Party in Taiz stressed that the economic deterioration is one of the manifestations of the general deterioration caused by the coup against the state by the rebel Houthi militia, where the looting of financial resources and the reserve of the Central Bank of hard currency was a part of its destructive project.

In its statement issued on Monday, Islah Party of Taiz added that some of the reasons regarding that deterioration were the corruption within the government, the lack of control of imports, and the inability of the state to control many important financial resources.

The Islah Party explained that the general position taken by the Islah was clear, where it called on the government to accelerate the development of solutions and remedies for economic problems and to stop the continuous collapse of the national currency by adopting a comprehensive program of economic reform that starts from spreading power over all seaports, airports and earning institutions.

The statement as received

The Yemeni Islah Party of Taiz Governorate is following with great concern the deterioration of the economic situation through the continuous deterioration of the national currency, as well as the sharp rise in the prices of basic commodities and oil derivatives associated with that deterioration, which compound the suffering of citizens who faced consequences of the coup and its ongoing war on them for more than four years.

The Yemeni Islah Party in Taiz stressed that the economic deterioration is one of the manifestations of the general deterioration caused by the coup against the state by the rebel Houthi militia, where the looting of financial resources and the reserve of the Central Bank of hard currency was a part of its destructive project, and the control of all revenues of various sectors of the state, the subjugation of these revenues to wage war, to starve and to exhaust the Yemeni people, who resisted them in order to divert the attention of the people from the battle of restoring the state to thinking of the difficult livelihood, in addition to reasons related to the corruption within the government, the lack of control of imports, and the inability of the state to control many important financial resources.

The Islah Party's stance was clear in demanding the government to speed up the development of solutions and remedies for economic problems and to stop the continuous collapse of the national currency by adopting a comprehensive program of economic reform that starts from spreading power over all seaports, airports and earning institutions, re-export oil and gas derivatives, the control and correction of the Central Bank activity, in addition to take strict measures against currency speculators in order to stop the national currency collapse, restore the recovery and stability of the currency.

While the Yemeni Islah Party appreciates the government efforts to address the situation, it renews its call on the government to return to the homeland and strengthen coordination with the brothers in the Arab Alliance to find radical treatments for economic problems and restore the confidence of citizens, who look forward to a position that senses the severity of the crisis and its impact on various aspects of life.

Issued by the Yemeni Islah Party in Taiz

October 1, 2018.