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Yemen discusses with IMF decision to resume Article IV consultations, subsequent steps

[15/04/2026 02:27]

WASHINGTON - SABA
The Governor of the Central Bank of Yemen (CBY) and Governor of the Republic of Yemen's Fund Ahmed Ghaleb along with the Ministers of Finance, Marwan bin Ghanem and Planning and International Cooperation Dr. Afrah al-Zouba discussed with the Head of the International Monetary Fund (IMF) Mission to Yemen Esther Perez the Executive Board's decision to resume Article IV consultations with the Republic of Yemen, after a hiatus of several years.

The talks took place on the sidelines of the Spring meetings of the WB and the IMF Monetary Fund in April 2026, held Washington.
The meeting reviewed the next steps of this decision, including preparing the technical and institutional conditions to enter a monitoring program by the IMF's experts aimed at addressing the existing imbalances in financial and monetary policies, within a comprehensive economic reform program that paves the way to benefit from the financing tools provided by the Fund, and contributes to supporting economic recovery efforts and improving living and service conditions in the country.

The discussions touched on the implications of ongoing developments in the Middle East and their impact on the economies of the countries in the region and the world, including Yemen.

These repercussions included rising insurance and shipping costs, as well as increases in energy and basic commodity prices, which exacerbate pressures on public finances and multiply the challenges associated with meeting the citizens' basic humanitarian needs for food, medicine, and public services.

They also conferred over the measures and policies that the Yemeni government intends to take to mitigate the severity of these repercussions, within an integrated approach that balances the requirements of economic stability with the urgent humanitarian needs.