The Republic of Yemen: 2013 Article IV Consultation

International Monetary Fund

No 2013/246, IMF Staff Country Reports from International Monetary Fund

Abstract: This staff report on the Republic of Yemen’s 2013 Article IV Consultation highlights economic development and policies. The macroeconomic situation stabilized in 2012, but the recovery remains fragile. After contracting by more than 12 percent in 2011, real GDP is estimated to have grown by 2.4 percent in 2012, reflecting an easing of supply bottlenecks, and utilization of part of idle capacity. On the other hand, oil production declined further, due to continued sabotage of the pipelines. Average inflation declined to 9.9 percent from 19.5 percent in 2011, reflecting the appreciation of the rial to its pre-crisis level, the moderation of international food prices, and the easing of supply shortages.

Keywords: ISCR; CR; GDP; Yemen; debt; Yemeni authorities; real GDP; exchange rate system; aid disbursement; inflation objective; address unemployment; Balance of payments statistics; Government finance statistics; Global; Middle East; Asia and Pacific (search for similar items in EconPapers)
Pages: 79
Date: 2013-07-31
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