Yemen’s Prime Minister Concludes Fourth Article Consultations with IMF
Amman, Jordan – October 9, 2025
Prime Minister Salem Saleh bin Brek attended the conclusion of the Fourth Article consultations between the Yemeni government and the International Monetary Fund (IMF) in Amman. This significant event marks the resumption of discussions after an eleven-year hiatus, reflecting growing confidence in Yemen’s governmental institutions and the economic reforms currently underway.
Acknowledging Collaborative Efforts
During the closing remarks, attended by Central Bank Governor Ahmed Ghaleb, Prime Minister bin Brek expressed gratitude for the efforts made by the IMF delegation and the Yemeni government team. He highlighted the constructive discussions that focused on evaluating economic and financial performance, reviewing ongoing reforms, and identifying future needs to enhance stability and recovery. Bin Brek emphasized that resuming these consultations represents a pivotal moment for Yemen, showcasing the government’s commitment to implementing reforms aimed at correcting imbalances, improving resource management, and enhancing transparency and accountability in public spending.
Commitment to Economic Reform
The Prime Minister reiterated the government’s dedication to economic reform and financial discipline, despite ongoing challenges. He noted that the recommendations from these consultations would serve as a crucial roadmap for developing financial and monetary policies. The government aims to translate these recommendations into an actionable program that considers Yemen’s unique economic and humanitarian circumstances, aligning with current capabilities and the broader economic recovery plan.
Building Stronger Partnerships
Bin Brek expressed hope that these consultations would pave the way for a deeper partnership with the IMF and other international financial institutions. He emphasized the importance of their support in enabling the government to prioritize economic reforms and improve living standards for citizens.
A Message of International Confidence
The Prime Minister underscored that resuming these consultations is not merely a routine procedure but a renewed message of international confidence in Yemen’s economy and the government’s commitment to recovery and stability. He assured that the government would incorporate these insights into its plans and programs, contributing to financial and monetary stability, stimulating economic activity, and enhancing citizens’ quality of life.
IMF’s Positive Assessment
Esther Pérez Ruiz, head of the IMF mission to Yemen, commended the government’s progress in various economic and administrative reforms. She praised the transparency and cooperation demonstrated by the Yemeni team during the consultations. Ruiz confirmed the IMF’s readiness to continue providing technical and advisory support to help Yemen address current economic challenges and build a foundation for medium-term recovery.
Key Takeaways from the IMF Statement
The IMF issued a concluding statement regarding the Fourth Article consultations for 2025, welcoming the opportunity to resume discussions after an eleven-year break. The statement highlighted the improved institutional capacity and availability of better data, which had been hindered by conflict. It acknowledged the Yemeni authorities’ cooperation and the constructive discussions that took place.
The statement reviewed the economic and financial situation, noting the impact of Houthi attacks on oil export facilities in 2022. It also recognized the government’s policy responses and substantial financial support from regional partners aimed at mitigating the economic effects of halted oil exports.
Future Economic Outlook
The IMF anticipates a gradual recovery of Yemen’s economy, projecting growth to rise from 0.5% in 2026 to approximately 2.5% by 2030, alongside a continued decline in inflation. The statement emphasized the importance of political priorities and additional external support for achieving macroeconomic stability. It welcomed the government’s economic recovery plan launched earlier this year, which focuses on enhancing public resource sustainability, controlling inflation, and strengthening governance.
Conclusion
The Prime Minister concluded his remarks by thanking the IMF team and all involved governmental institutions for their commitment and sincere efforts. He reaffirmed the government’s dedication to ongoing coordination and collaboration with international partners to stimulate economic activity and improve citizens’ living conditions.
The consultations’ conclusion marks a significant step towards restoring Yemen’s relationship with international financial institutions and securing essential support for economic stability and recovery.
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