Wadhah Al-Awlaqi has served as the Chief Economist at the Sana’a Center for Strategic Studies since 2019. He has over a decade of experience in economic research, analysis, and policy development focused on Yemen. He held several key positions at the Central Bank of Yemen, overseeing strategic planning, financial reporting, budget management, and accounting operations. He holds an MBA in Finance from the prestigious KAIST Business School in South Korea.
Wadhah's latest contributions
Govt Receives New Financial Support
On February 21, Saudi Arabia agreed to supply the Central Bank of Yemen (CBY) in Aden with a US$1 billion deposit to prop up Yemen’s faltering economy and support the value of the rial in government-held areas. The aid will not be deposited directly with the CBY-Aden, but rather handled through the Arab Monetary Fund (AMF) as part of the AMF … Read more
Bridging the Divide: Mitigating the Impacts of the CBY Schism on Yemen’s Banking Sector
The September 2016 rupture of the Central Bank of Yemen (CBY) into rival branches associated with the main warring parties has severely undermined the country’s banking sector. The most fundamental issues affecting Yemeni banks are the differing currency systems that have emerged between areas controlled by the internationally recognized … Read more
Govt Agrees Financial Aid as Houthis Target Oil Sector – The Yemen Review, November 2022
Hopes faded that the expired truce would be revived in November, as Houthi authorities dug in their heels over maximalist demands that caused the talks’ collapse and then upped the ante with a series of drone and missile attacks on southern ports. The attacks crippled oil and gas revenues, though International Monetary Fund, Saudi, and Emirati … Read more
Houthis Target Southern Ports – The Yemen Review, October 2022
The UN-backed truce between the Houthi movement and the internationally recognized government was allowed to expire on October 2. Efforts to secure its further extension failed following a last-minute demand by Houthi negotiators to add military and security personnel to a payroll of public sector employees. The breakdown of the talks was followed … Read more
Truce Expires as Internal Divisions Deepen – The Yemen Review, September 2022
The truce between the internationally recognized government and the armed Houthi movement, in place since April, was allowed to expire without renewal on October 2. The UN-facilitated agreement engineered the longest period of relative peace of the war. September saw intensive negotiations to extend and expand the truce, and optimism was high … Read more