VOL. XLVI
No 49
8-December-2003
YEMEN
BUDGETS AND REVENUES
Yemen Faces Challenges As It Continues To Push Through Reforms, Says World Bank
In the light of an expected decline in oil production in Yemen starting in 2004 (by an average annual rate of 5%) and the weak outlook for oil prices in the short and medium terms, Yemen faces an enormous challenge to maintain fiscal sustainability, says the World Bank in its Fall 2003 Yemen Economic Update. This will require increased efforts to mobilize...
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