South Arabia

The economic program for implementing self-administration in the south

[su_label type=”info”]SMA News / Aden / Exclusive[/su_label][su_spacer size=”10″]

In light with the directives of the political leadership of the people of the south in declaring self-administration for the south and its associated management of southern economic resources, and based on the aspirations of our southern people to exploit their resources in a manner that serves reconciliation and raises their standard of living and reduce their suffering, so that southerners can draw a transparent and efficient management of these resources and in the manner that It helps allocating resources on scientific basis. The economic team of the Southern Transitional Council, after responsible discussions, took into consideration the scale of problems and crises created by the so-called legitimacy authority and the state of waste of the South’s resources that the corruption government spent and used to punish and starve the people of the south over the period of war, which lasted six years, during which proceeded to leveling the South resources for the development of their goals as corrupt people deprived south of the right to benefit from its resources.

The economic team considered the following principles:

1- Continuing the work in economic, service and financial institutions on the basis and applicable laws.

2- Respecting the agreements and treaties signed with local and foreign bodies, institutions and companies.

3- Ensuring the rights of companies operating in the oil and gas fields and other areas and investment activities.

4- Emphasizing the supply and control of all the state’s tax and customs revenues, various fees, and duties of all kinds based on the financial law.

5- Activating the work and activity of the CENTRAL ORGANIZATION FOR CONTROL AND AUDITING in the governorates of the south, in accordance with the approach followed and in a manner that guarantees raising the efficiency of administrative and financial work.

6- Ensuring on the capitals and labor rights from other governorates operating in the south, in accordance with prevailing laws and regulations.

7- Continuing the cooperation and coordination with regional and international organizations working in the development, relief and humanitarian aspects.

8- Harnessing all capabilities and resources to secure public services for citizens (electricity – water – health – education – sanitation – and all emergency services)

9- Providing equal opportunities for traders and importers in a manner that guarantees the provision of foodstuff, medicine and oil derivatives in coordination with the chambers of commerce in the southern governorates and all relevant authorities.

10- Calling on all administrative leaderships and employees of the various agencies in the southern governorates to continue to work in accordance with the power of laws.

11- Controlling, administrating, and organizing the South’s resources and expenditures to ensure that all legitimate needs are met and not in conflict with the interests of the people of the south.

12- Encouraging national capital abroad to contribute in investment opportunities in the south.

Resource management mechanisms

1- Continuing the flow of revenue to the central bank according to the established procurement mechanisms.

2- Stopping the exchange and withdrawing operations from all public accounts in the central bank, the National Bank, and commercial banks until controls are established to control exchange operations.

3- Forming a cell to manage the crisis for the economic side to supervise the economic capabilities of the south on both sides of resources and expenditures, and it consists of representatives of the economic team in the Southern Transitional Council, the central bank, finance, customs, taxes, and the National Bank. The task of this cell is limited to controlling the pace of economic affairs and proposing immediate solutions and remedies for all developments that can affect economic operations, and providing public services, and improving the standard of living of the people.

4- Evaluating the food, drug, commodity, oil derivatives and all the requirements related to the needs of citizens, while providing facilities to ensure their flow into the southern governorates.

5- Stopping money exchange companies from transferring money abroad, including the northern governorates, until mechanisms are put in place to transfer money and keep remittances received from abroad, and obliges them to raise the lists of all clients.

6- Setting a vision to form committees to monitor the performance of the institutions and coordinate with the relevant bodies to select competent elements in a manner that enhances rational self-administration.

7- Holding meetings with managers and officials of the executive institutions to coordinate with them regarding the implementation of the directives of self-administration.

8- Inviting southern capital abroad to contribute to meet the different needs and requirements of the people of the south.

The Economic Team of Southern Transitional Council

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