The Republic of Yemen : 2013 Article IV Consultation

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The Republic of Yemen : 2013 Article IV Consultation
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Volume/Issue:
2013/246
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2013
DOI:
http://dx.doi.org/10.5089/9781475554045.002
ISBN:
9781475554045
ISSN:
1934-7685
Page:
79
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.

Republic of Yemen: Staff Report for the 2013 Article IV Consultation—Debt Sustainability Analysis

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
July 2013
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