This paper has been produced to support the Government of Yemen and the international community in designing a transition plan for the country. The political crisis and conflict situation in Yemen has led to a sharp decline in economic output beginning in 2011—a decline from which Yemen...

Petroleum subsidy reform is increasingly seen as an opportunity for consolidating public finances and fostering sustainable economic development. Yemen, as the country with the lowest per capita income in the group of countries with a high level of energy subsidies, started to reduce subsidies...