The United Nations is seeking US$4.3 billion at a pledging conference Monday to alleviate the suffering of millions of people in Yemen, where an eight-year civil war has created one of the world's worst humanitarian crises.
More than 21 million people in Yemen, or two-thirds of the country's population, need help and protection, according to the UN Office for the Coordination of Humanitarian Affairs, or OCHA, which says the humanitarian needs in Yemen are "shocking." Among those in need, more than 17 million are considered particularly vulnerable.
In Monday's first pledge, German Foreign Minister Annalena Baerbock said her country will provide 120 million euros . Monday's conference comes as the global economy remains rattled by the yearlong Russian invasion of Ukraine. Inflation rates have surged over the past year across the world, forcing many governments to focus on elevating the needs of their own people.
The conference is taking place as the warring sides continue to observe an informal and fragile cease-fire. Efforts are underway to declare a new truce after the parties failed to renew a UN-brokered truce in October. However, partly because of the territorial division -- with roughly half of Yemen under Houthi control and the other half under government control -- the country is haunted by an economic crisis. There is dual system of currency, dual exchange rates, restrictions on imports and double taxation on goods, according to the UN Panel of Experts investigating Yemen's conflict. Annual inflation reached 45%, and food prices surged 58%, according to the panel's report.
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