Economic and financial collapse in a seminar organized by the Economic Department of the Transitional Council

The Economic Department of the Southern Transitional Council organized a scientific symposium entitled "Economic and Financial Crises: A Vision Towards a Solution" aimed at characterizing and analyzing the economic and financial environment in depth and coming up with an integrated scientific vision through experts and specialists to contribute to find solutions and treatments for the economic situation.At the opening, the assistant secretary-general of the Southern Transitional Council, member of the Transitional Council presidency; Fadhl Al-Jaadi congratulated the participants on the 51st anniversary of the Independence Day, 30 of November, in which our people marked the most prominent example of the victory over the most powerful empire of that time.He said: "We are living in difficult circumstances, we were a state with a public and mixed institutional economy after independence. Then after the unity that shocked us with the war of 94 that privatized the state resources to become for the influential official in Sana'a and maintained the corruption in the institutions in the south.Al-Ja'adi hoped that this symposium will touch upon the evaluation of these institutions and their impact on the national economy and come up with practical outputs to develop economic visions for building our state after being restored to serve the people's living status.Dr. Mohammed Bin Hammam, head of the Economic Department of the Southern Transitional Council, said that the seminar is to discuss the difficult economic situation with prominent figures from the economic side to enrich this symposium and propose the most important visions to find suitable solutions to face the economic difficulties.

 

The seminar, which was attended by a number of researchers, academics and interested people, discussed various work papers in four economic aspects that include the center of its first paper, the reality of services and production. The second seminar discussed the monetary, banking and financial reality, while the third topic of the seminar dealt with the reality of the crisis of oil derivatives. The fourth paper was on the management of the economic and financial crisis and the treatments and solutions