Republic of Yemen

Goal Eight: Develop a global partnership for development

Target One: Further develop an open trading and financial system that is rule-based, non-discriminatory and includes a commitment to good governance, development and poverty reduction

Target Two: Deal comprehensively with debt problems through national and international measures to make debt sustainable in the long term

Yemen has seen positive results in economic, financial, administrative and trade reform. However a number of challenges still remain. These include:

• Using foreign aid to finance infrastructure and services projects in a manner conducive to addressing development challenges;
• Removing risks and restrictions facing the flow of foreign aid and enhance the capacity of institutions responsible for its management and utilisation;
• Maintaining trade and payment balances at safe levels through decreasing reliance on oil;
• Attracting foreign capital through joint investments; and
• Utilising bilateral and multilateral agreements as well as regional economic blocs to establish freer trade.

Last Modified on 15/03/2011 01:04 am