VOL. XL

No. 27

7-July-1997

YEMEN

Yemen Hikes Fuel, Water And Electricity Prices

The Yemeni cabinet decided to raise the prices of domestic fuels (between 30% and 50%),and to cut subsidies on wheat and flour with effect from 1 July. The government also plansto increase electricity and water prices as well as telephone tariffs within the next fewdays as part of the third phase of the country's economic reform program launched in 1995in coordination with the International Monetary Fund (IMF) and...