Republic of Yemen : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

March 23, 2005

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that economic growth in Yemen slowed in 2004 owing to a sharp contraction in the oil sector. Oil production declined by 5.9 percent, reflecting diminishing recovery from aging large oil fields as well as the absence of significant new discoveries. Some progress has been made in structural reforms. The revised General Sales Tax law submitted to parliament in late 2004 included several improvements designed to protect the integrity and simplicity of this tax.

Series:

Country Report No. 05/111

Subject:

English

Publication Date:

March 23, 2005

ISBN/ISSN:

9781451840803/1934-7685

Stock No:

1YEMEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

68

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