Executive Board
Calendar
Board Discussions
on the Republic of Yemen:

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September 2, 2014
July 19, 2013
July 30, 2010
January 8, 2010
February 23, 2009

Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 1.9 4.6
Consumer Prices 9 11.4
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Republic of Yemen: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Yemen

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Republic of Yemen and the IMF
Updated October 11, 2014

Show all items sorted by date | Annual Meetings Speeches (1) | Article IV Staff Reports (4) | Heavily Indebted Poor Countries (1) | IMF Survey Online (7) | IMF Surveys (1) | IMFC Statements (1) | Interim Committee Statements (1) | Issues Briefs (1) | Joint Staff Assessments (1) | Letters of Intent (3) | MCD Country Notes (1) | Mission Concluding Statements (1) | News Briefs (2) | Policy Framework Paper (2) | Poverty Reduction Strategy Paper (2) | Press Releases (12) | Public Information Notices (7) | Publications (10) | Speeches (1) | Transcripts (8) | Views & Commentaries (2) | Other (5) 
Annual Meetings Speeches
September 28, 1999 -- Statement by the Hon. Mahfoudh Ould Mohamed Ali, Governor of the IMF for Mauritania on behalf of the Arab Governors, at the Joint Annual Discussion
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Article IV Staff Reports
September 24, 2014 -- Republic of Yemen: 2014 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Yemen
Series: Country Report No. 14/276
March 24, 2009 -- Republic of Yemen: 2008 Article IV Consultation - Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen
Series: Country Report No. 09/100
September 28, 2007 -- Republic of Yemen: 2007 Article IV Consultation - Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen
Series: Country Report No. 07/334
March 23, 2005 -- Republic of Yemen: 2004 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen
Series: Country Report No. 05/111
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Heavily Indebted Poor Countries
June 28, 2000 -- HIPC External Debt Sustainability Analysis
Report on a comprehensive analysis of the external debt situation of the member country concerned, and simulate the impact of the full use of traditional debt relief mechanisms on eligible debt from bilateral creditors. PDF File Size: 663Kb
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IMF Survey Online
September 24, 2014 -- IMF Survey : IMF Loan to Help Yemen Tackle Reforms, Attract Aid
On September 2, the IMF approved a $553 million loan for Yemen to support the country’s plans to strengthen fiscal and external positions, boost growth, and fight poverty by reducing inefficient fuel subsidies, improving governance, and increasing monthly allowances paid by the Social Welfare Fund.
July 31, 2013 -- IMF Survey : Yemen: Reorienting Public Spending Would Create Jobs, Fight Poverty
Yemen is at a crossroads in its economic development. IMF mission chief Khaled Sakr discusses the challenges Yemen faces in cultivating this nascent recovery and fighting unemployment and poverty.
May 21, 2013 -- IMF Survey : Economic Growth Moderates Across Middle East
Differences in economic growth across the Middle East and North Africa are expected to narrow in 2013, though economic conditions in the oil exporters and importers still differ, says the IMF in its latest regional outlook, which predicts growth at about 3.1 percent this year.
April 26, 2013 -- IMF Survey : Mideast Issues High on IMF Agenda
The challenges facing Arab countries in transition —Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen—were a focal point for policymakers during the 2013 IMF-World Bank Spring Meetings in Washington last week.
April 20, 2012 -- IMF Survey: Mideast Oil Importers Under Strain, Oil Exporters Faring Well
The Middle East and North Africa region is going through a period of dramatic change. In the "Arab Spring" countries, political transition, pressing social demands, and an adverse external environment have combined to increase the near-term risks to macroeconomic stability, the IMF said in its latest assessment.
April 05, 2012 -- IMF Survey: Yemen Gets $93 Million Emergency Loan from IMF
The IMF’s Executive Board approves a $93.75 million interest-free emergency loan for Yemen to support the Red Sea country’s recovery. The loan will be made under the Rapid Credit Facility, the IMF’s concessional window for countries that have experienced serious economic disruptions.
August 03, 2010 -- IMF Survey: New IMF Loan Backs Yemen's Reform Efforts
The IMF’s Executive Board has approved a $369.8 million loan for Yemen to support the Middle Eastern nation’s plan to restructure its public finances, protect the poor, and boost growth.
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IMF Surveys
May 09, 2005 -- IMF Survey:
Bernes to head IEO; De Rato meets Chirac; Israel, Panama, Yemen, and Lithuania; Book notes - Pietra Rivoli and Thomas L. Friedman; Capital inflows to South Africa; Peter Nicholl in Bosnia; Timor-Leste, Cambodia; HIV/AIDS and aid; ECOSOC meeting on MDGs. PDF File Size: 528Kb
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IMFC Statements
October 11, 2014 -- New IMFC Statement by His Excellency Minister Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 205Kb
April 11, 2014 -- IMFC Statement by His Excellency Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 154Kb
April 20, 2013 -- IMFC Statement by The Honorable Sultan N. Al-Suwaidi, Governor of the Central Bank, of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 129Kb
October 13, 2012 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
April 21, 2012 -- IMFC Statement by Obaid Humaid Al-Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
October 09, 2010 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Ministry of Finance, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 415Kb
April 24, 2010 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the Central Bank of the United Arab Emirates
On behalf of: Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Liberia, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 346Kb
October 04, 2009 -- Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Liberia, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 292Kb
April 25, 2009 -- IMFC Statement by the H.E. Sultan N. Al-Suwaidi, Governor of the Central Bank, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 333Kb
October 11, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 287Kb
April 12, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 187Kb
April 22, 2006 -- IMFC Statement by His Excellency Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 38Kb
April 16, 2005 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 37Kb
October 02, 2004 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 579Kb
April 24, 2004 -- IMFC Statement by His Excellency, Mohamed K. Khirbash, Minister of State for Finance and Industry, Ministry of Finance and Industry, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 559Kb
September 28, 2002 -- Statement by His Excellency Mohamed K. Khirbash Minister of State for Finance and Industry Ministry of Finance and Industry, United Arab Emirates, International Monetary and Financial Committee Meeting, September 28, 2002
The International Monetary and Financial Committee statement on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, Yemen
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Interim Committee Statements
September 26, 1999 -- Statement by The Honorable Sultan Nasser Al-Suwaidi Governor United Arab Emirates, Interim Committee Meeting, September 26, 1999
The Interim Committee member for the constituency consisting of Kingdom of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Socialist People's Libyan Arab Jamahiriya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates and Republic of Yemen
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Issues Briefs
August 15, 2003 -- The IMF and the Middle East and North Africa-- An IMF Issues Brief
The IMF actively supports countries in the Middle East and North Africa (MENA) region in adopting economic policies and reforms aimed at achieving stronger economic performance and higher living standards.
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Joint Staff Assessments
July 15, 2002 -- Joint Staff Assessment of the Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 119Kb
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Letters of Intent
July 14, 2010 -- Republic of Yemen -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, July 14, 2010
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August 03, 2002 -- Republic of Yemen -- Letter of Intent and Memorandum of Economic Policies, August 3, 2002
This Letter of Intent of the government of Republic of Yemen describes the policies that Republic of Yemen intends to implement in the context of its request for financial support from the IMF.
October 10, 2001 -- Republic of Yemen Letter of Intent and Supplementary Memorandum of Economic and Financial Policies, October 10, 2001
This Letter of Intent of the government of Yemen describes the policies that Yemen intends to implement in the context of its request for financial support from the IMF.
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MCD Country Notes
October 05, 2012 -- IMF Program Note on the Republic of Yemen
Program Note on the Republic of Yemen
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Mission Concluding Statements
December 09, 2012 -- Republic of Yemen- December 2012 Staff Visit Mission Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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News Briefs
October 24, 2001 -- News Brief: IMF Authorizes US$121 Million in Disbursements to Yemen
June 28, 1999 -- News Brief: IMF Executive Board Completes Yemen Review and Approves Next Credit Tranche
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Other
October 06, 2014 -- Arab Countries in Transition - Economic Outlook and Key Challenges
Subject: Transition economies | Jordan | Morocco | Tunisia | Economic conditions | Private sector | Fiscal policy | Regional Economic Outlook
April 16, 2014 -- Arab Countries in Transition - An Update on Economic Outlook and Key Challenges
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Transition economies | Cross country analysis
October 10, 2013 -- Deauville Partnership Ministerial Meeting, Arab Countries in Transition: Economic Oulook and Key Challenges for Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen; October 10, 2013
April 19, 2013 -- Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
Subject: Secretary's Memorandum to Executive Board
October 13, 2012 -- Arab Countries in Transition: Economic Outlook and Key Challenges; Notes Prepared by Staff of the International Monetary Fund for the Deauville Partnership Ministerial Meeting October 12, 2012 Tokyo
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Policy Framework Paper
March 05, 1999 -- Policy Framework Paper -- Yemen: Enhanced Structural Adjustment Facility Medium-Term Economic and Financial Policy Framework Paper 1999-2001 -- Table of Contents
Describes economic objectives, macroeconomic and structural policies for three-year adjustment programs supported by ESAF resources, as well as associated external financing needs and major sources of financing.
March 05, 1999 -- Policy Framework Paper--Yemen: Enhanced Structural Adjustment Facility Policy Framework Paper, 1999-2001 -- Tables 2-4
Tables: Selected Economic Indicators; Income and Social Indicators; and External Financing Requirements
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Poverty Reduction Strategy Paper
May 31, 2002 -- Republic of Yemen - Poverty Reduction Strategy Paper (PRSP) 2003 - 2005-- Table of Contents, May 2002
Describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing.
December 31, 2000 -- Interim Poverty Reduction Strategy Paper--Republic of Yemen--Table of Contents
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
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Press Releases
September 02, 2014 -- Press Release: IMF Executive Board Approves a 3-Year, US$552.9 Million Extended Credit Facility Arrangement with Yemen
July 31, 2013 -- Press Release: Statement by IMF Managing Director Christine Lagarde on the Republic of Yemen
July 31, 2013 -- Press Release: The IMF Concluded 2013 Article IV Consultation with the Republic of Yemen
September 28, 2012 -- Press Release: Statement by IMF Managing Director Christine Lagarde on the Republic of Yemen
April 04, 2012 -- Press Release: IMF Executive Board Approves US$ 93.75 Million Disbursement Under the Rapid Credit Facility for the Republic of Yemen
November 08, 2010 -- Press Release: IMF Statement at the Conclusion of Visit to Yemen
August 02, 2010 -- Press Release: IMF Executive Board Approves US$ 369.8 Million Extended Credit Facility Arrangement for Yemen
February 28, 2001 -- Press Release: IMF Approves Third Annual PRGF and EFF Credits for the Republic of Yemen
March 23, 1999 -- Press Release: IMF Approves Second Annual ESAF and EFF Credits and Loans for the Republic of Yemen
October 31, 1997 -- Press Release: IMF Approves Combined ESAF/EFF Financing for the Republic of Yemen
December 26, 1996 -- Press Release: Republic of Yemen Accepts Article VIII Obligations
March 20, 1996 -- Press Release: IMF Approves Stand-By Credit for Yemen
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Public Information Notices
January 27, 2010 -- Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Yemen
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 04, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the Republic of Yemen
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 27, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with the Republic of Yemen
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 24, 2005 -- Public Information Notice: IMF Executive Board Concludes 2004 Article IV Consultation with the Republic of Yemen
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 12, 2002 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with the Republic of Yemen
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 08, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with the Republic of Yemen
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 15, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Yemen
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
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Publications
July 31, 2013 -- The Republic of Yemen: 2013 Article IV Consultation
Series: Country Report No. 13/246
September 29, 2010 -- Republic of Yemen: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Yemen.
Series: Country Report No. 10/300
June 01, 2010 -- Inflation Dynamics in Yemen: An Empirical Analysis
Author/Editor: Almounsor, Abdullah
Series: Working Paper No. 10/144
September 27, 2007 -- Republic of Yemen: Statistical Appendix
Series: Country Report No. 07/337
January 01, 2007 -- Yemen: Exchange Rate Policy in the Face of Dwindling Oil Exports
Author/Editor: Chami, Saade | Ahmed, Faisal | Ben Ltaifa, Nabil | Schneider, Todd
Series: Working Paper No. 07/5
January 01, 2007 -- Can a Rule-Based Monetary Policy Framework Work in a Developing Country? The Case of Yemen
Author/Editor: Chami, Saade | Elekdag, Selim | Schneider, Todd | Ben Ltaifa, Nabil
Series: Working Paper No. 07/6
March 23, 2005 -- Republic of Yemen: Statistical Appendix
Series: Country Report No. 05/110
May 03, 2002 -- Yemen in the 1990s: From Unification to Economic Reform
Author/Editor: Enders, Klaus-Stefan | Williams, Sherwyn | Choueiri, Nada | Sobolev, Yuri Vladimirovich | Walliser, Jan
Series: Occasional Paper No. 208
May 03, 2002 -- Yemen in the 1990s: From Unification to Economic Reform
Author/Editor: Enders, Klaus-Stefan | Williams, Sherwyn | Choueiri, Nada | Sobolev, Yuri Vladimirovich | Walliser, Jan
Series: Occasional Paper No. 208
April 20, 2001 -- Republic of Yemen: Selected Issues
Series: Country Report No. 01/61
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Speeches
November 13, 2012 -- Enabling Economic Transformation in the Middle East and North Africa by David Lipton, IMF First Deputy Managing Director
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Transcripts
October 10, 2014 -- New Transcript of the MENA and CCA Press Briefing
April 14, 2014 -- Transcript of a Press Briefing on the Middle East And Central Asia Regional Economic Outlook Update
August 01, 2013 -- Transcript of a Press Roundtable with IMF Managing Director
May 09, 2013 -- Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund
October 12, 2012 -- Transcript of the IMF Middle East and Central Asia Department Press Briefing
March 31, 2011 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund
February 04, 2010 -- Transcript of a press briefing by Caroline Atkinson, Director, External Relations Department, IMF
September 21, 2003 -- Transcript of a Townhall Meeting with Civil Society Organizations (CSOs)
With Minister Trevor Manuel, the Chairman of the Development Committee and Minister of Finance from South Africa; Chancellor Gordon Brown, Chairman of the IMFC; and Chancellor of Exchequer from UK; President of the World Bank, Mr. James Wolfensohn; and Mr. Horst Kohler, Managing Director of the IMF.
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Views & Commentaries
May 24, 2012 -- Arab Oil Importers Under Strain, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
November 30, 2010 -- Middle East and North Africa: Set for a Shift in Economic Policy, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department
Middle East and North Africa: Set for a Shift in Economic Policy, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department