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Yemen

Manakha, Yemen (photo: Derya Dikyol)

Yemen Resident Representative Site

Resident Representative Office in Yemen

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Yemen and the IMF. Additional information can be found on Yemen and IMF country page, including official IMF reports and Executive Board documents in English that deal with Yemen.

News — Highlights

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Yemen: December 2012 Staff Visit Mission Concluding Statement

December 9, 2012 click for more

Yemen and The IMF

Arab Countries in Transition - An Update on Economic Outlook and Key Challenges

April 16, 2014
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Transition economies | Cross country analysis click for more

Transcript of a Press Briefing on the Middle East And Central Asia Regional Economic Outlook Update

April 14, 2014

Deauville Partnership Ministerial Meeting, Arab Countries in Transition: Economic Oulook and Key Challenges for Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen; October 10, 2013

October 10, 2013

Transcript of a Press Roundtable with IMF Managing Director

August 1, 2013

Press Release: Statement by IMF Managing Director Christine Lagarde on the Republic of Yemen

July 31, 2013

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Regional Economic Outlook: Middle East and Central Asia

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The near-term economic outlook for the Middle East and North Africa region has weakened. In the oil-importing countries, many of which are Arab countries in transition, regional conflict, heightened political tensions, and delays in reforms continue to weigh on growth. In this context, the immediate policy priorities are to restore confidence and create jobs, make inroads into fiscal consolidation to restore debt sustainability and rebuild buffers, and embark on structural reforms needed to support private sector-led, job-intensive growth. Most oil-exporting countries continue to enjoy steady growth in the non-oil sector, supported in part by high levels of public spending. Although headline growth has declined because of domestic oil supply disruptions and lower global demand, a recovery in oil production is expected to lift growth next year. Increased vulnerability to a sustained decline in oil prices and intergenerational equity considerations underscore the need for countries to strengthen their fiscal buffers. Key medium-term challenges remain economic diversification and faster private-sector job-creation for nationals.

Economic activity in the Caucasus and Central Asia (CCA) is expected to continue expanding rapidly, with the CCA remaining among the fastest-growing regions in the world. Growth will be driven by a recovery in the hydrocarbon sector and firm growth in domestic demand, supported in part by stable remittance inflows. Considerable downside risks weigh on this outlook, however, stemming in particular from slower-than-expected growth in Russia, an important trading partner and source of remittance inflows. CCA economies should take advantage of the favorable near-term economic conditions to rebuild fiscal policy buffers that were eroded after the global crisis. In some cases, more exchange rate flexibility would help increase resilience to unanticipated shocks while supporting competitiveness. The positive near-term outlook is also an opportunity to strengthen policy frameworks and set in motion a process of structural transformation into dynamic emerging economies. Click for more