Publication:
Yemen Financial Sector Diagnostics

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-11-06T17:01:03Z
dc.date.available2024-11-06T17:01:03Z
dc.date.issued2024-11-06
dc.description.abstractYears of conflict have deepened the Yemeni economy’s longstanding reliance on cash. The country’s underdeveloped formal banking and financial infrastructure hinders credit intermediation, and most economic activity is conducted on a cash basis, from day-to-day purchases to large-scale transactions. As in other cash-based economies, liquidity constraints and immediate consumption needs hinder long-term investment and economic development, exacerbating unemployment and slowing wage growth. The conflict has severely inhibited economic activity and distorted the allocation of resources. Prolonged political instability and armed conflict have had a deeply negative impact on Yemen’s economy, yet the country’s financial sector has demonstrated remarkable resilience and adaptability. The main financial players operating in Yemen are banks and money exchangers. This analysis shows that their liquidity-focused business model gives money exchangers an important advantage over banks in Yemen’s cash-dominated economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/099102324070011985/P1776311d18a7e09319665177f98b3e43a7
dc.identifier.doi10.1596/42367
dc.identifier.urihttps://hdl.handle.net/10986/42367
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectCASH-BASED ECONOMY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLONG-TERM INVESTMENT
dc.titleYemen Financial Sector Diagnosticsen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleYemen Financial Sector Diagnostics
okr.date.disclosure2024-11-06
okr.date.doiregistration2025-04-07T08:23:50.737452Z
okr.date.doiregistration2025-04-08T16:11:19.228862Z
okr.date.doiregistration2025-04-09T03:03:00.247052Z
okr.date.lastmodified2024-10-23T00:00:00Zen
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099102324070011985/P1776311d18a7e09319665177f98b3e43a7
okr.guid099102324070011985
okr.identifier.docmidP177631-d18a7ee4-3fcf-4393-9665-77f98b3e43a7
okr.identifier.doihttps://doi.org/10.1596/42367
okr.identifier.externaldocumentum34410019
okr.identifier.internaldocumentum34410019
okr.identifier.report194269
okr.import.id5704
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099102324070011985/pdf/P1776311d18a7e09319665177f98b3e43a7.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryYemen, Republic of
okr.sectorBanking Institutions
okr.themeFinancial Infrastructure and Access,Financial Stability,Finance,Enterprise Development,Private Sector Development,MSME Development,Payment & markets infrastructure,Financial Sector Integrity,Financial Sector oversight and policy/banking regulation & restructuring
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.topicFinance and Financial Sector Development::Finance and Development
okr.unitEFI-MNA-FCI-Finance-1 (EMNF1)
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