Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Saudi-led coalition to give $1.5 billion in Yemen aid, expand port capacity

Published 01/21/2018, 07:09 PM
Updated 01/21/2018, 07:10 PM
© Reuters. Boy holds a book as he walks on books scattered on the ground after an air strike hit a school book storage building in the northwestern city of Saada

By Stephen Kalin

RIYADH (Reuters) - A military coalition led by Saudi Arabia said on Monday it would commit $1.5 billion in new humanitarian aid for Yemen where it is supporting the internationally recognized government against Iran-aligned Houthis in a three-year-old civil war.

The U.S.-backed alliance, which also includes the United Arab Emirates, said in a statement it would operate an air bridge to Marib, set up 17 overland corridors for aid deliveries and lead the expansion of additional Yemeni ports to receive humanitarian and essential cargo.

"We are backing a professionally planned and detailed humanitarian mission with military power and precision to guarantee that the humanitarian aid reaches the people who need it to lift their suffering," said spokesman Colonel Turki al-Maliki.

Yemen is the world's worst humanitarian crisis, where 8.3 million people are entirely dependent on external food aid and 400,000 children suffer from severe acute malnutrition, a potentially lethal condition, according to the United Nations.

The coalition has already pumped billions of dollars worth of aid into the country, yet the war has still cut food deliveries by more than half and pushed the Arabian Peninsula's poorest country to the edge of famine with outbreaks of cholera and diphtheria.

The new aid program seeks to boost monthly imports to 1.4 million metric tons from 1.1 million last year, the statement said.

An accompanying graphic suggested that overland delivery routes would extend into northern territory held by the armed Houthi movement, which is fighting the government of President Abd-Rabbu Mansour Hadi based in the south.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Last week, Saudi Arabia deposited $2 billion in Yemen's central bank after the Yemeni prime minister made a public plea for funds to prop up the currency and help stave off hunger.

Monday's announcement comes as Saudi Arabia and its allies face mounting criticism - including from U.S. and European partners - over the civilian toll of the conflict, in which more than 10,000 people have been killed by coalition air strikes and fighting on the ground.

The coalition, under international pressure, eased a three-week blockade imposed on Yemeni ports and airports in November in response to a ballistic missile fired by the Houthis toward the Saudi capital Riyadh.

U.S. President Donald Trump last month called for Saudi Arabia to immediately allow humanitarian aid to reach the Yemeni people, suggesting Washington had run out of patience with the blockade.

The war's heavy toll on civilians has long been a sore point with members of Congress, triggering threats to block U.S. assistance to the coalition including refueling of jets and limited intelligence support.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.