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Yemen's economy: state vs militias
The article highlights how the Houthi militias in Yemen benefit from economic chaos to achieve significant financial gains by imposing fees and taxes on trade and communications, despite the deteriorating economy and declining productive activity. The militias exploit customs restrictions and divert import traffic through the Port of Hodeidah, where they estimate their Customs revenues at around 50 billion Yemeni rials per month, in addition to approximately 150 billion rials annually from the telecommunications sector. These practices hinder economic growth and weaken its ability to create jobs and provide services, forcing Yemeni citizens to bear the burden of rising prices and declining living standards. The article emphasizes the importance of restoring state institutions, organizing trade gateways, and enhancing transparency to address the financial distortions caused by the war economy, with the aim of improving living conditions and revitalizing economic activity.
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