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The International Monetary Fund has approved an 18-month program with Yemen focused on macroeconomic stability and strengthening fiscal discipline, without providing direct funding. The program addresses resource management improvements, increasing domestic revenues through tax and customs compliance, and price stability through clear monetary policies, with a particular emphasis on protecting the most vulnerable groups and enhancing transparency and financial oversight. The Fund expects Yemen's gross domestic product to decline by 1.5% in 2026, with a current account deficit of around 3.3%, and ongoing international support will be necessary due to the challenging economic situation. However, the economy is expected to improve in 2027, supported by declining global prices and better fiscal and monetary policies.
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