Private Sector Readiness to Contribute to Reconstruction and Recovery in Yemen : Yemen Policy Note 3
Since 2011, Yemen has suffered a series of crises resulting in the ongoing war which began in March 2015 and which has had major economic consequences. Trade has been badly affected by the war. The Yemeni financial sector faces problems of liquidit...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/371961508411374137/Private-sector-readiness-to-contribute-to-reconstruction-and-recovery-in-Yemen http://hdl.handle.net/10986/28591 |
| Summary: | Since 2011, Yemen has suffered a series
of crises resulting in the ongoing war which began in March
2015 and which has had major economic consequences. Trade
has been badly affected by the war. The Yemeni financial
sector faces problems of liquidity, solvency and foreign
exchange access. The construction sector is historically an
important sector in Yemen and should play a major role in
recovery.The Government of Yemen and donors should take
immediate steps tosupport the private sector.The year 2011
represented a series of political, social, and economic
crises,culminating in the war that started in March 2015,
which continue to reverberate throughout Yemen today.
Effective reconstruction and recovery demands an
understanding of the socio-economic drivers of resilience
and recovery in Yemen, including the private sector. The
private sector, including micro, small, and medium
enterprises (MSMEs) that are prevalent in Yemen, is a major
source of employment and provider of basic goods and
services, making it an important part of socio-economic
resilience and recovery. The capacity oftrade, financial,
construction, and agricultural sectors will be of particular
importancefor recovery and reconstruction. This note will
discuss both conflict related and key systemic constraintson
the private sector and priorities for supporting resilience
and recovery.It will focus on the private enterprise in
sectors that are key to resilience and recovery:trade,
construction, finance, and agriculture. It will present
immediate and short-term investment and policy
recommendationsto support the recovery and stabilization
needs of private sector operations during and following the
end of the conflict. |
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