Document Type: Implementation Status and Results Report Report No.: ISR34082 Document Date: OCT 18, 2018

Author: Mullen,Patrick M. Disclosure Status: Disclosed

Yemen has been experiencing political instability since 2011 and open conflict since late 2014. As a result, the social and institutional fabric in Yemen has witnessed increasing disintegration. ... See More + Although official statistics are no longer available, anecdotal evidence suggests that Yemen's GDP contracted by an accumulated 40 percent since the end of 2014. The conflict has caused widespread disruption of economic activities and has dramatically diminished employment and income opportunities in the private and public sector. In the current conflict situation and the given political uncertainty, it is not possible to provide a detailed, sound economic outlook. However, Yemen's medium-term outlook will depend ultimately on whether an end to the on-going conflict can be found and the rebuilding of the Yemen economy and social fabric is facilitated. In the short-term, there is no substitute for external financial support for initial macroeconomic stabilization given the interdependency of external financing, the fiscal expenditure program, and early stabilization. Finally, if violence can be contained before the end of 2018, GDP is predicted to begin its recovery in 2019 (i.e., via the gradual resumption of hydrocarbon export). However, little of the economic recovery is estimated to translate into a meaningful reduction of the high poverty rate in Yemen (approximately 80 percent in 2018).  See Less -

Document Type: Brief Report No.: 130967 Document Date: OCT 01, 2018

Document also available in: Arabic Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR33923 Document Date: SEP 27, 2018

Author: Oelrichs,Robert Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR34108 Document Date: SEP 26, 2018

Author: Elshalakani,Amr Disclosure Status: Disclosed

Document Type: Financing Agreement Report No.: Document Date: SEP 20, 2018

Author: LEGRL Disclosure Status: Disclosed

Document Type: Trust Fund Administrative Agreement Report No.: Document Date: SEP 19, 2018

Author: LEGRL Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR33083 Document Date: AUG 25, 2018

Author: Velenyi,Edit V. Disclosure Status: Disclosed

Document Type: Agreement Report No.: Document Date: JUL 30, 2018

Author: LEGRL Disclosure Status: Disclosed

Document Type: Trust Fund Administrative Agreement Report No.: Document Date: JUL 25, 2018

Author: LEGRL Disclosure Status: Disclosed

Document Type: Trust Fund Administrative Agreement Report No.: Document Date: JUL 16, 2018

Author: LEGRL Disclosure Status: Disclosed