Ahmed Hajar, the Acting Minister of Finance of Yemen, said that the mercenaries’ agreement with the Arab Monetary Fund is illegal and rejected. He told Al-Masira news agency that the mercenaries’ purpose in receiving the recent loan is to sink the country into debt in line with the group’s goal of attacking Yemen’s economy.
Faraan: The Acting Minister of Finance went on to say that the projects that the Arab Monetary Fund has invested in are uncertain projects and this type of investment is definitely only for the benefit of the aggression coalition and not the Yemeni nation.
He noted that borrowing from the Arab Fund increases inflation. He also stated that all the economic policies of the aggressor coalition in Yemen are against the law.
He clarified that the average loan interest rate of the Arab Money Fund is much higher than other international institutions and sets a very short period of time for repayment.
