The National Committee for Regulating and Financing Imports held its first meeting of the year this morning, Wednesday, February 4, 2026, via videoconference. The meeting was chaired by the Governor of the Central Bank, who also serves as the Committee's Chairman, and was attended by the Minister of Industry and Trade, the Committee's Vice Chairman, and members from relevant government entities.

During the meeting, the Committee reviewed the latest developments in its work and the work of its Executive and Advisory Committees. The efficiency of implementing the approved procedures for regulating and financing imports of various goods and products for the local market was also reviewed. The meeting discussed the mechanism for import financing requests submitted by participating banks and exchange companies. The Executive Team presented reports on the level of achievement during the past period, the total volume of transactions, and the classifications of goods and products covered, particularly basic commodities and essential materials for local markets.

The Executive Team briefed the Committee on reports related to the level of achievement during the past period, the total volume of transactions, and the classifications of goods and commodities covered, particularly basic commodities and materials needed for local markets. The meeting also discussed several issues and topics raised by the executive team regarding the implementation of the approved regulations. Appropriate decisions were made in this regard, and the advisory team's report on the topics referred to it by the committee for study and feedback was reviewed before final decisions were made.

The committee also discussed reports on operations at customs, seaports, and land ports, the level of compliance with the regulatory mechanism, and the efficiency of customs procedures. Furthermore, the committee reviewed the most significant challenges and difficulties encountered during implementation and took the necessary measures to ensure the smooth flow of goods and prevent any market disruptions.

The committee stressed the need for all importers and banks to adhere to the applicable regulations and mechanisms and emphasized the importance of depositing sales proceeds into bank accounts immediately, as these are the official and legal channels for bank deposits. The committee also emphasized the need to enhance compliance with applicable laws, regulations, and directives, and to exercise due diligence and utmost care towards customers in accordance with banking rules, customs, and best practices. This must be done while taking into account existing risk levels and international sanctions imposed on certain entities and individuals, ensuring the protection of Yemen’s financial and banking sector and strengthening financial channels connecting the country to the outside world, thus contributing to financial stability.

At the conclusion of the meeting, the committee affirmed its continued monitoring of developments and its commitment to addressing them in a way that achieves its objectives. It also stressed the importance of continued cooperation between government agencies and the banking and commercial sectors to ensure the success of efforts to regulate and finance imports, thereby contributing to economic stability and providing goods to citizens regularly and at reasonable prices.

It is worth noting that the financing approved by the committee during January amounted to $600 million, bringing the total import financing provided by the committee since its establishment in August of last year to more than $3 billion.