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

Author/Editor:

International Monetary Fund

Publication Date:

March 24, 2009

Electronic Access:

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Summary:

Recent economic performance in Yemen has been mixed. A sharp decline in oil production, coupled with inflexible government expenditure and only marginal improvement in the tax-to-GDP ratio led to an overall fiscal deficit of 5.8 percent in 2007. Executive Directors have noted that Yemen’s non-oil GDP growth has been solid in recent years, and progress has been made on a number of structural reforms. Directors have welcomed the authorities’ commitment to reduce expenditure in the event that oil prices remain below the benchmark price in the 2009 budget.

Series:

Country Report No. 09/100

Subject(s):

English

Publication Date:

March 24, 2009

ISBN/ISSN:

9781451840834/1934-7685

Stock No:

1YEMEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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