WASHINGTON, May 3 -- The International Monetary Fund issued the following news release:
IMF Staff Concludes Staff Visit to Yemen
May 2, 2024
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF's Executive Board.
* The halt in oil exports and high domestic prices continue to weigh on economic activity while straining the government budget and foreign reserves.
* Economic outlook depends on the progress on the Yemen peace talks, continued commitment to reforms, and the evolution of regional tensions.
* External financing will be essential to m...