Publication: Yemen Economic Monitor, Spring 2024: Navigating Increased Hardship and Growing Fragmentation
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2024-08-01
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2024-08-01
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The Yemen Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Yemen. The Monitor places these developments, policies, and findings in a longer-term and global context and assesses their implications for Yemen’s outlook. Its coverage ranges from the macro economy to financial markets to human welfare and development indicators. It is intended for a wide audience, including policy makers, development partners, business leaders, financial market participants, and the community of analysts and professionals engaged in Yemen.
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“World Bank. 2024. Yemen Economic Monitor, Spring 2024: Navigating Increased Hardship and Growing Fragmentation. © World Bank. http://hdl.handle.net/10986/41985 License: CC BY 3.0 IGO.”
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Inflation has persisted near 12 percent annual rate in the last two years and the inevitable revisions to petroleum prices and introduction of general sales tax will call for tighter monetary management to contain inflation in 2005. The buffer of foreign exchange reserves that the government has built to US $ 5 billion from high oil prices by end 2004 (some months of imports equivalent), could only provide a temporary cushion against erosion of current account balance.
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