No. 23



Declining Oil Prices And Budget Revenues

In Yemen the Prime Minister, Mr. Abd al-Rahman al-Iryani, has pledged tocontinue the process of economic, financial and monetary reforms in his country. Outlininghis new government's policy on 1 June, Mr. Iryani said that he will seek to implementreforms and combat the economic downturn. He warned that the Asian economic crisis and thefall in oil prices will have a negative effect on the economy and will increase the...