The Imports Financing Committee discusses the results of handling import requests of various types.

Arab Sea Newspaper - News Updates

Arabian Sea - Yemen - Follow-ups: The National Committee for Regulating and Financing Imports discussed in its meeting today, Thursday, chaired by the Governor of the Central Bank, Chairman of the Committee, Ahmed Ghaleb, the progress of work and the results of dealing with import requests of various types. The meeting, which included the Minister of Trade and Industry, Deputy Chairman of the Committee, Muhammad Al-Ashwal, and members of the committee representing the authorities, listened to a detailed report from the executive team on the total direct financing that was carried out through the committee's mechanism, which amounted to $314 million in one month, led by financing for oil derivatives, foodstuffs of various types, oils, and food, followed by the rest of the materials. The meeting discussed in detail the problems that appear from day to day during the implementation processes, whether through receiving requests in the intermediary banks, or through reviewing them and deciding on them in the executive team of the committee. The meeting took appropriate decisions regarding them, benefiting from the recommendations of the technical team of the committee. The meeting stressed the need to hold periodic meetings between the technical team and the Association of Banks and the Chambers of Commerce and Industry for consultation and coordination to solve any difficulties accompanying the implementation processes during the coming period, which will witness more measures aimed at strengthening commitment and applying standards for combating money laundering and terrorist financing, combating fraud and customs misrepresentation and tax evasion, and not allowing the entry of any goods through the Republic's sea, land and air ports unless authorized by the National Committee for Financing and Regulating Imports.