The Southern Transitional Council's Presidium held its periodic meeting on Thursday, headed by Mr. Ali Al-Kathiri, Acting President of the Council, Chairman of the National Assembly.

At its meeting, the Presidium stood against the continuing electricity crisis in the capital, Aden, and neighboring areas, holding the government responsible for the collapse of the electrical system, and its rejection of the policies of procrastination and disavowal pursued by the government and its president in dealing with the crisis, and their inability to find radical solutions to provide sufficient fuel for generating stations.

The Presidium called on the Presidential Leadership Council and the government to assume their responsibilities, quickly resolve the problem of the Central Bank’s refusal to provide the necessary liquidity to purchase fuel shipments, and work to find radical and sustainable solutions for Aden’s electricity that guarantee its continuity.

In another context, the Presidium stood in the face of the damage caused by Cyclone Tej to the infrastructure and public and private property in the governorates of Al-Mahra, Socotra, and Hadhramaut, in this regard, the Presidium saluted the efforts made by the local leadership of the Transitional Council and the local authorities in the governorates, praising the official and popular cohesion in confronting the repercussions caused by Tej, especially in Al-Mahra Governorate.

In addition, the Presidium stood before the challenges and obstacles facing the banking sector and the continued confusion of the monetary policies pursued by the Central Bank administration in the capital, Aden, and its inability to control the huge masses of cash in the market and their continuation outside the scope of the bank’s control, and the failure to oblige banks to move their main financial headquarters to the capital, Aden. This came in light of a periodic briefing submitted by the Economic and Service Auxiliary Body to the Council's Presidium, including a number of recommendations and treatments to lift the banking sector out of its current situation.

At its meeting, the Council's Presidium discussed a number of issues on the agenda and took the necessary measures regarding them.