VOL. XLV

No 37

16-September-2002

YEMEN

Yemen Economy Set For Upturn In 2002-03, Says IMF

Yemens economy is likely to improve in 2002-03, despite the lesspromising performance seen in 2000-01, according to conclusions reached in theIMF Article IV consultations with the Yemeni Government. The IMF noted that2000-01 was characterized by low growth, rising inflation, a decline in budgetsurplus and lower foreign exchange reserves. The IMF, while welcoming theYemeni Governments efforts to maintain...