International Monetary Fund

Please send us your feedback

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


Yemen: December 2012 Staff Visit Mission Concluding Statement

December 9, 2012 click for more

Yemen and The IMF

Transcript of a Press Briefing with William Murray, Deputy Spokesman, Communications Department

May 28, 2015

Transcript of the Middle East and Central Asia Economic Outlook Update Press Briefing

April 17, 2015

IMF Program Note on the Republic of Yemen

April 3, 2015
Program Note on the Republic of Yemen click for more

Transcript of a Press Briefing by William Murray, Deputy Spokesperson, Communications Department, IMF

March 26, 2015

Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund

February 19, 2015

Click for More click for more

Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Middle East, North Africa, Afghanistan, and Pakistan: Oil, Conflicts, and Transitions

A modest recovery is expected to continue in the MENAP despite a slump in oil prices, raging regional conflicts, and lingering uncertainty of the post-Arab Spring transitions.

  • Despite a sharp decline in oil prices, growth in the oil-exporting countries is projected to remain steady at 2.4 percent in 2015, with inflation subdued. Faced with large oil revenue losses, most countries are expected to use accumulated financial buffers and available financing to cushion some of the impact on growth while gradually slowing their fiscal spending, so that they can share the now reduced oil wealth equitably with future generations and rebuild buffers for dealing with oil price volatility. Specific policy announcements would help reduce uncertainty about how medium-term fiscal consolidation plans will be carried out.
  • In the oil-importing countries, growth is expected to strengthen from 3 percent in 2014 to 4 percent in 2015, supported by a gradual recovery in the euro area, improved domestic confidence, and more accommodative fiscal and monetary policies. Lower oil prices are helping, though their impact on near-term growth has been moderated in many countries by incomplete pass-through to retail fuel prices. Consequently, the benefits are mainly in the form of improved fiscal/quasi-fiscal positions and external vulnerabilities rather than stronger growth. Solidifying recent subsidy reforms will help lock in the gains, which can help reduce fiscal and external vulnerabilities where needed and, in other countries, make space for increased growth-enhancing spending.

Although rising, economic growth rates remain too low to make a dent into high unemployment across the region, especially among the youth. Raising economic prospects in a sustainable and inclusive manner suggests the need for multifaceted structural reforms.