IMF and Yemeni authorities agree on reform package paving way for monitoring program

The International Monetary Fund has reached an agreement with Yemeni authorities on a package of reforms that will pave the way for an 18-month monitoring program.

In July, the IMF and Yemeni authorities reached a staff-level agreement on economic policies and reforms that could underpin a new IMF-monitored program, pending approval by the Fund’s management.

According to the IMF, the proposed program aims to consolidate recent stability gains, strengthen policy implementation, and build a credible track record of reforms, while enhancing fiscal and monetary frameworks and supporting stronger, more inclusive growth.