VOL. XLI

No. 35

31-August-1998

YEMEN

Yemen's Economic Reform: More Support, Less Subsidies

In the face of declining oil revenues, which according to sources at the YemeniMinistry of Oil and Mineral Resources are not expected to exceed $650mn this year, andwidespread praise for Yemen's reform measures, the World Bank has added its seal ofapproval to the Yemeni economy. The Bank's Middle East Director, Mr. Inder Sud, confirmedduring a visit to the country on 24 August that $50mn of the bank's...