1.

Record Nr.

UNINA9910788525803321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2007

ISBN

1-4623-3917-4

1-4527-5194-3

1-281-08988-5

1-4527-3257-4

9786613775245

Descrizione fisica

1 online resource (60 p.)

Collana

IMF Staff Country Reports

Disciplina

332.4

332.49

332.495

Soggetti

Monetary policy - Yemen (Republic)

Fiscal policy - Yemen (Republic)

Exports and Imports

Inflation

Macroeconomics

Public Finance

Statistics

Debt

Debt Management

Sovereign Debt

Price Level

Deflation

International Lending and Debt Problems

Business Taxes and Subsidies

National Government Expenditures and Related Policies: General

Current Account Adjustment

Short-term Capital Movements

Data Collection and Data Estimation Methodology

Computer Programs: Other

Public finance & taxation

Econometrics & economic statistics

International economics



Investment & securities

Public debt

Oil, gas and mining taxes

Expenditure

External debt

Prices

Balance of payments statistics

Economic and financial statistics

Taxes

Debts, Public

Debts, External

Taxation

Petroleum industry and trade

Balance of payments

Yemen (Republic) Economic conditions

Yemen (Republic) Economic policy

Yemen, Republic of

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Cover title.

"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover.

"September 2007"--Cover.

Nota di contenuto

""Cover""; ""Contents""; ""Executive Summary""; ""I. Introduction""; ""II. Recent Economic Developments""; ""III. Policy Discussions""; ""A. Policies for 2007: Reducing Inflation""; ""B. Medium-Term Policies: Ensuring Fiscal Sustainability""; ""C. Medium-Term Policies: Promoting Sustained Nonhydrocarbon Growth""; ""D. Data and Other Issues""; ""IV. Staff Appraisal""; ""Tables""; ""1. Selected Economic Indicators (Adjustment scenario), 2003-12""; ""2. General Government Finances (Adjustment scenario), 2003-12""

""3. General Government Finances (Adjustment scenario), 2003-12 (in percent of GDP)""""4. Monetary Aggregates (Adjustment scenario), 2000-07""; ""5. Balance of Payments (Adjustment scenario), 2003-12""; ""Figures""; ""1. Recent Developments, 2001-07""; ""2. Fiscal Developments, 2001-12""; ""3. Competitiveness Indicators""; ""Boxes""; ""1. Implementation of Past IMF Recommendations""; ""2. Exchange Rate Regime and Level""; ""3. Hydrocarbon Sector Developments and Prospects""; ""Contents""; ""I. Republic of Yemen: Fund Relations""; ""II. Republic of Yemen: World Bank Relations""

""III. Republic of Yemen: Statistical Issues""""IV. Technical Assistance Program""

Sommario/riassunto

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.