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
Government Instability Overshadows Truce – The Yemen Review, July 2022
Long-running tensions between the Islamist Islah party and the Southern Transitional Council boiled over in Shabwa in July, as political disputes over security posts devolved into clashes between their affiliated forces. Government efforts to assuage the parties were unsuccessful, setting the stage for a battle over the capital, Ataq city, in … Read more
Addressing the Crushing Weight of Yemen’s Public Debt
For decades prior to the ongoing conflict, Yemen had been vulnerable to recurring budget deficits due to a lack of meaningful fiscal reform, high recurrent expenditures – mainly public sector salaries and fuel subsidies – and an overdependence on oil revenues. While foreign debt obligations remained low, the debt market was poorly diversified, … Read more
Rial Depreciates Amid Delays in Pledged Saudi, Emirati Support
New Yemeni rial banknotes witnessed cyclic volatility over the course of June, depreciating by 10 percent relative to the United States dollar. Printed since 2017 and circulating in government-controlled areas, new rials lost almost 13 percent of their value in the first half of the month alone, falling from YR1,020 per US$1 to a low of YR1,150 on … Read more
Taiz Siege Continues as Talks Face Roadblocks – The Yemen Review, June 2022
A truce between the internationally recognized Yemeni government and the armed Houthi movement was extended on June 2 and has largely held, despite intermittent violence and unresolved issues from the original agreement. While the truce has succeeded in limiting violence and facilitated the reopening of Sana’a airport, negotiations over the … Read more
Despite Headwinds, Truce Flies On – The Yemen Review, May 2022
Despite reports of violations from both the Yemeni government and Houthi forces, May saw the truce hold for a second month, leading to an agreement brokered by the UN special envoy’s office to extend it for another two months from June 2. In addition to the continued absence of air strikes around the country, commercial flights finally resumed … Read more