Republic of Yemen: 2007 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen

September 28, 2007

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Republic of Yemen: 2007 Article IV Consultation: Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Yemen, (USA: International Monetary Fund, 2007) accessed November 24, 2024

Summary

This 2007 Article IV Consultation highlights that despite recent progress in poverty reduction, Yemen remains far from achieving the Millennium Development Goals. Oil production has been declining since 2000, and in the absence of major discoveries, proven oil reserves could be depleted in some 10 years' time. Economic performance in 2006 was generally favorable, but was accompanied by an increase in inflation. Overall real GDP growth reached 4 percent in 2006, with a 6 percent non-oil growth offsetting an 8 percent decline in oil production.

Subject: Balance of payments statistics, Economic and financial statistics, Expenditure, External debt, Inflation, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: Balance of payments statistics, CR, Debt, Drive inflation, Gas and mining taxes, Global, Government, Inflation, Inflation outlook, ISCR, Middle East, Net amount, Oil, Price, Private sector import activity, Sta balance of payments statistics mission, UN Security Council resolution, Yemen

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/334
Stock No:

1YEMEA2007001
ISBN:

9781451840810
ISSN:

1934-7685

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