Cover IMF Staff Country Reports
Buy Book in Print
Republic of Yemen: 2008 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 100
Language:
English
Publication Date:
24 Mar 2009
DOI:
https://doi.org/10.5089/9781451840834.002
ISBN:
9781451840834
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; WEO oil price baseline; adjustment scenario; debt; deficit; oil; oil price; staff appraisal; private sector credit growth; staff projection; Oil prices; Inflation; Global
Download PDF (2.5 MB) Download Epub
Recent economic performance in Yemen has been mixed. A sharp decline in oil production, coupled with inflexible government expenditure and only marginal improvement in the tax-to-GDP ratio led to an overall fiscal deficit of 5.8 percent in 2007. Executive Directors have noted that Yemen’s non-oil GDP growth has been solid in recent years, and progress has been made on a number of structural reforms. Directors have welcomed the authorities’ commitment to reduce expenditure in the event that oil prices remain below the benchmark price in the 2009 budget.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund