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IMF: It is too early to talk about the economic repercussions of the war on Yemen
3/27/15
Deputy spokesman for the International Monetary Fund, William Murray, said the fund is watching the situation closely in Yemen after an alliance mainly comprises the Gulf states led by Saudi military strikes against the Houthis, pointing out that it was decided to postpone the scheduled by the Fund review of the performance of the Yemeni economy, under an agreement signed between the two sides in September / Murray said at a press conference in the US capital, it is too early to talk about the implications or effects of military strikes, on the economies of the Middle East, especially the Gulf States /
The IMF agreed in September to provide a loan of $ 553 million for Yemen spent on semi-annual installments over three years, as opposed to Yemen's commitment to economic reforms that are reviewed by the Fund on 6 reviews.
It is known that Yemen overlooking the Strait of Bab el-Mandeb, which represents the main entrance of the Gulf oil exports to the north flowing through the Persian Gulf to the Red Sea and on to the Suez Canal, the Mediterranean sea is, according to statistics from the US Energy Information Administration that the Strait of Bab el-Mandeb through which more than 3.4 million barrels of oil per day in 2013, and Yemen is producing a small oil, and has proven reserves of about three billion barrels, according to the US Energy Information Administration estimates, constitute the share of crude exports obtained by the government from production-sharing with foreign companies, about 70% of the budget and 63 resources % of the country's total exports and about 30% of GDP
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3/27/15
Deputy spokesman for the International Monetary Fund, William Murray, said the fund is watching the situation closely in Yemen after an alliance mainly comprises the Gulf states led by Saudi military strikes against the Houthis, pointing out that it was decided to postpone the scheduled by the Fund review of the performance of the Yemeni economy, under an agreement signed between the two sides in September / Murray said at a press conference in the US capital, it is too early to talk about the implications or effects of military strikes, on the economies of the Middle East, especially the Gulf States /
The IMF agreed in September to provide a loan of $ 553 million for Yemen spent on semi-annual installments over three years, as opposed to Yemen's commitment to economic reforms that are reviewed by the Fund on 6 reviews.
It is known that Yemen overlooking the Strait of Bab el-Mandeb, which represents the main entrance of the Gulf oil exports to the north flowing through the Persian Gulf to the Red Sea and on to the Suez Canal, the Mediterranean sea is, according to statistics from the US Energy Information Administration that the Strait of Bab el-Mandeb through which more than 3.4 million barrels of oil per day in 2013, and Yemen is producing a small oil, and has proven reserves of about three billion barrels, according to the US Energy Information Administration estimates, constitute the share of crude exports obtained by the government from production-sharing with foreign companies, about 70% of the budget and 63 resources % of the country's total exports and about 30% of GDP
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