Analysis Main Publications News The Yemen Review Publications Index

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The Economy

April 21, 2025
The first quarter of 2025 saw escalating US sanctions against the Houthis. The sanctions, intended to suffocate the Houthis financially, could have a negative impact on Yemen’s already fragile financial system, and threaten to disrupt flows of crucial humanitarian aid and remittances, further destabilizing the economy. In mid-January, the US … Read more

The Economy

February 4, 2025
Yemen is experiencing a severe economic downturn as it tries to navigate long-term fiscal challenges. A World Bank report on Fiscal Vulnerabilities in Low-Income Countries released in late November highlighted Yemen’s dire fiscal situation as among the worst in the world. The World Bank’s Yemen Monitor for Spring 2024 noted that the current crisis … Read more

Rescuing Yemen’s Economy

December 9, 2024
A political crisis has wracked the interim capital of Aden as the internationally recognized government struggles to deal with the plummeting Yemeni rial. The currency now trades at over YR2,000 to the dollar, having lost over a third of its value since the year began. Riven by political infighting and lacking the vision or tools to arrest the … Read more

The Economy

October 16, 2024
The ongoing economic conflict in Yemen escalated to include a fierce struggle between its bifurcated central bank for control over the nation's fractured monetary system and financial institutions. On June 26, the Central Bank of Yemen in Aden (CBY-Aden) issued a new directive, effectively banning banks and exchange outlets from working with … Read more

Enhancing the Role of Microfinance Banks for Sustainable Impact in Yemen

September 23, 2024
Yemen's microfinance sector is undergoing a radical transformation. Despite initial success in empowering small businesses, the ongoing conflict has exposed deep vulnerabilities. Competition between the fractured central banks has driven a surge in microfinance bank (MFB) licenses. While this promises to expand financial inclusion, it raises … Read more
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