The Saudi government pledged $2-billion (U.S.) for Yemen's central bank on Wednesday to help stabilize the country's economy, one day after the Yemeni Prime Minister pleaded for funds to boost the rial and help stave off hunger.
Additionally, the kingdom will make a donation of up to $2 billion in fuel for the transportation of humanitarian aid.
The Aden-based government projected a deficit of $1.3 billion, based on the official exchange rate of 380 riyals to the dollar - higher than the market rate of about 450 riyals to the dollar.
Last week, Saudi Arabia deposited $2bn in Yemen's central bank after the government appealed for help to save the country's currency from collapse and prevent a starvation.
A Saudi-led military coalition on Monday announced $1.5-billion in new humanitarian aid for Yemen, after the United Nations made what is called a record appeal of $3-billion assistance for the war-ravaged country.
SUNGAI PETANI -Defence Minister Datuk Seri Hishammuddin Tun Hussein said he will be attending the Organisation of Islamic Cooperation's (OIC) emergency meeting this Sunday to discuss Yemen's attacks on Saudi Arabia.
The Saudi-led coalition has intervened in the Yemeni conflict since March 2015 to roll back the Houthi militants and support the internationally recognised President Abd-Rabbu Mansour Hadi, who was forced into exile by the Houthis.
Beginning in 2015, a Riyadh-backed regime has been struggling to keep power in Yemen against a rebellion of Tehran-backed armed Houthi militants, in a proxy war between two major Middle East powers that has seen over 10,000 killed, including over half of those casualties counted as civilians.
The UN says Yemen is the world's worst humanitarian crisis, with about eight million people on the brink of starvation, a cholera epidemic that has infected one million people, and economic collapse in what was already one of the region's poorest countries.
The Trump administration has expressed concern about conditions in Yemen and has called on Saudi Arabia to allow the free flow of humanitarian aid, fuel and goods at Yemeni ports.
The war, which enlists the participation among others of the United Arab Emirates, Jordan, Egypt, Bahrain, Kuwait, Morocco, Sudan, and Senegal, has been reinforced by weapon supplies and logistical support from the United States and the United Kingdom.
Germany is set to halt all arms exports to countries involved in the war in Yemen, a government spokesperson has announced.
At the same time, Yemen is grappling with outbreaks of cholera - with more than 2,244 associated deaths reported in less than a year - and diphtheria.
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