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Middle East and Central Asia > Yemen, Republic of

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Cover Policy Papers
Arab Countries in Transition - Economic Outlook and Key Challenges
International Monetary Fund
In spite of deepening and spreading conflicts in the region, as well as, in many cases, a challenging internal socio-political environment, the Arab Countries in Transition (Egypt, Jordan, Libya, Morocco, Tunisia and Yemen) have broadly maintained macroeconomic stability. At the same time, however, their economies are not delivering the growth rates needed for a meaningful reduction in unemployment, in particular for the youth and women. Notwithstanding diversity of conditions, countries should quickly advance structural reforms to foster higher and more inclusive growth, and continue to strengthen fiscal and external buffers to maintain stability amid heightened uncertainty. Coordinated support from the international community will be crucial in the form of financing, improved trade access, and capacity building assistance.
Keywords:
PP; current account; monetary policy; excl. grant; exchange rate; economic activity; labor market; private sector; government balance; Current account deficits; Government debt management; Budget planning and preparation; Middle East; Global
Cover Policy Papers
Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
International Monetary Fund
In an environment of heightened socio-economic tensions, regional insecurity, and strained public finances, the Arab Countries in Transition (ACTs) 1 face the difficult task of delivering on the expectations for jobs and growth. Despite patchy improvements in some countries, economic growth remains subdued, private investment is weak, and external and fiscal buffers are running low. Fostering social cohesion and avoiding a downward spiral of economic and political malaise calls for urgent implementation of economic reforms and coordinated support from the international community.
Keywords:
PP; excl. grant; exchange rate; job creation; monetary policy; foreign exchange; General government balance; financial support; government balance; reform program; grant financing; financing needs; transition countries' financing gap; credit growth; Current account deficits; Government debt management; Inflation; Budget planning and preparation; Global; Middle East; Deauville partnership ministerial meeting; countries in transition; title page; key challenge; North Africa; East Africa
Cover IMF Staff Country Reports
Republic of Yemen: Statistical Appendix
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; foreign currency; enterprise; central bank of Yemen; oil company profits; net exposure; capital goods; core consumer price index; Oil; Commercial banks; Bank deposits; Currencies; Public enterprises; Africa
Cover IMF Staff Country Reports
Republic of Yemen: Staff Report for the 2004 Article IV Consultation
International Monetary Fund
This 2004 Article IV Consultation highlights that economic growth in Yemen slowed in 2004 owing to a sharp contraction in the oil sector. Oil production declined by 5.9 percent, reflecting diminishing recovery from aging large oil fields as well as the absence of significant new discoveries. Some progress has been made in structural reforms. The revised General Sales Tax law submitted to parliament in late 2004 included several improvements designed to protect the integrity and simplicity of this tax.
Keywords:
ISCR; CR; exchange rate; government; GDP; U.S. dollar; Yemeni authorities; fuel price subsidy; appreciation to the staff; government's attention; liquefied petroleum gas price; Oil; Oil prices; Fiscal stance; Middle East
Cover IMF Staff Country Reports
Djibouti: Selected Issues
International Monetary Fund
The most important challenge faced by the Djibouti authorities is to achieve high rates of economic growth in order to create employment opportunities for a rapidly increasing labor force and to alleviate rising poverty. In this paper, developments and the role of the financial system during the program period are reviewed. Then, the currency board arrangement (CBA) and its role in macroeconomic developments are discussed. The study also discusses the main financial sector reforms and explains why their impact has been limited.
Keywords:
ISCR; CR; government; Djibouti; banking system; wage; Djibouti banking regulation; economic growth; wage bill; private sector; central bank; banking law; debt ratio; Commercial banks; Fiscal consolidation; Sub-Saharan Africa; Africa; Southern Africa; East Africa; Europe
Cover Policy Papers
The Modalities of Conditionality - Further Considerations
International Monetary Fund
NULL
Keywords:
PP; Fund resource; Fund arrangement; Fund's financing; Fund-supported program; Inter-American Development Bank; tranche disbursement; policy slippage; Structural reforms; Privatization; Multilateral development institutions; Sub-Saharan Africa
Cover Financial Assistance from Arab Countries and Arab Regional Institutions
Financial Assistance from Arab Countries and Arab Regional Institutions
Mr. P. van den Boogaerde

Abstract

Arab financial assistance to developing - particularly Arab - countries rose sharply between 1973 and 1980 but fell gradually through the 1980s, owing mainly to weakening oil prices. As a percent of GNP, however, Arab contributions remain the largest among major donors. This paper surveys the volume and distribution of Arab financing from 1973 to 1989.

Keywords:
OP; IMF staff calculation; disbursement; recipient country; net disbursement; donor country; assistance flow; Loans; Outward remittances; Concessional external borrowing; Imports; Project loans; Middle East; Africa; Sub-Saharan Africa; Western Hemisphere; Asia and Pacific; price-production strategy
Cover IMF Working Papers
Military Expenditure: International Comparison of Trends
Mr. Daniel P. Hewitt
This paper analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations. The coverage is military expenditures in 125 countries from 1972 to 1988. The study also compares military expenditures as a proportion of central government expenditures; analyzes the budgetary trade-off between military, social, and development expenditures; and discusses the impact of military expenditures on economic development.
Keywords:
WP; military expenditure; central government expenditure; country; central government; expenditure pattern; Adjusted SIPRI; development expenditure; allocations to the military; expenditure cutback; country ranking; Defense spending; Central government spending; Budget planning and preparation; Public employment; Middle East; North Africa; Sub-Saharan Africa; Eastern Europe; Caribbean
Cover IMF Working Papers
Collection Lags, Fiscal Revenue and Inflationary Financing: Empirical Evidence and Analysis
Mr. Nurun N. Choudhry
The paper provides empirical evidence on collection lags in major categories of government revenue and analyzes the estimated revenue-eroding effects of inflation within the standard model of inflationary finance. The evidence indicates a wide variation in collection lags among the categories of revenues. The estimated erosion of real fiscal revenue, although varied in the sample countries, appears to have substantially offset gains from the inflation tax, thereby severely restricting the use of this form of taxation in generating resources.
Keywords:
WP; inflation revenue; revenue effect; collection lag; fiscal revenue; effects of inflation; Inflation; Personal income; Monetary base; Public enterprises
Cover Investment Policies in the Arab Countries
Investment Policies in the Arab Countries
Papers Presented at a Seminar held in Kuwait, December 11-13, 1989
Mr. Saíd El-Naggar

Abstract

This volume, edited by Said El-Naggar, examines the impact of macro- and microeconomic policies on the investment climate in the Arab countries, the efficiency of public investment, and the role of foreign direct investment.

Keywords:
BOOK; investment; country; government; GCC state; authority; investment climate; investment opportunity; investment decision; investment guarantee; Foreign direct investment; Public sector; Public investment spending; Public investment and public-private partnerships (PPP); Investment policy; Middle East; East Asia; South Asia; Western Europe; Global