Saudi Arabia Plans $368M Aid to Yemen's Aden Government

Saudi Arabia has committed approximately $368 million in economic support to the internationally recognized Yemeni government based in Aden, aiming to bolster its budget through the Saudi Development and Reconstruction Program for Yemen. This financial aid comes amid ongoing economic challenges, including a weak currency and high prices, faced by the Aden administration since the Iran-aligned Houthis ousted the former Yemeni president and took control of the capital Sanaa in 2014, sparking a prolonged civil war. The Saudi-led coalition's intervention in 2015 sought to reinstate the exiled government, resulting in Yemen being divided between the government in Aden and the Houthi administration in Sanaa. Riyadh has already provided billions in aid and deposits to support the government in Aden, helping stabilize finances and fund public-sector salaries. This latest injection of funds is part of broader efforts to stabilize Yemen's economic environment and support recovery. The move underscores Saudi Arabia's continuing role in addressing Yemen's complex political and economic crisis.