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Republic of Yemen :, Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Yemen

Yemen is confronted with a range of difficult economic challenges. The reduction in oil revenues in the past year has affected the Yemeni economy through a set of direct and indirect channels. The loss of oil revenue contributed to a record fiscal deficit of about 10 percent of GDP in 2009, financed in large part by the central bank. The balance of payments was also put under considerable strain. The identified measures are home-grown and designed to have a long-lasting impact on the structure of the budget
Table Of Contents
Cover; Contents; Executive Summary; I. Background and Context; II. Recent Economic Developments; Text Figures; Value of Oil Exports; Boxes; 1. Poverty and Human Development Indicators in Yemen; Forex Reserves and Auctions; Daily Exchange Rate, 2009-10; Structure of M2; Money Developments; Financial Soundness Indicators; Dollarization of Deposits and Loans; III. Medium-Term Economic Policy Framework; IV. Policies for 2010; Fiscal Policy and Reforms; 2. General Sales Tax and Other Tax Reforms; 3. Social Safety Nets; Monetary and Exchange Rate Policies
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
Form Of Item

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