Economy of Yemen

At the time of unification, South Yemen and North Yemen had vastly different but equally struggling underdeveloped economic systems. Since unification, the economy has been forced to sustain the consequences of Yemen's support for Iraq during the 1990–91 Persian Gulf War: Saudi Arabia expelled almost 1 million Yemeni workers, and both Saudi Arabia and Kuwait significantly reduced economic aid to Yemen. The 1994 civil war further drained Yemen's economy. As a consequence, for the past 10 years Yemen has relied heavily on aid from multilateral agencies to sustain its economy. In return, it has pledged to implement significant economic reforms. In 1997 the International Monetary Fund (IMF) approved two programs to increase Yemen's credit significantly: the enhanced structural adjustment facility (now known as the poverty reduction and growth facility, or PRGF) and the extended funding facility (EFF). In the ensuing years, Yemen's government attempted to implement recommended reforms—reducing the civil service payroll, eliminating diesel and other subsidies, lowering defense spending, introducing a general sales tax, and privatizing state-run industries. However, limited progress led the IMF to suspend funding between 1999 and 2001.

Yemen

Coordinates: 15°N 48°E / 15°N 48°E / 15; 48

Yemen (ⁱ/ˈjɛmən/; Arabic: اليَمَن‎ al-Yaman), officially known as the Republic of Yemen (الجمهورية اليمنية al-Jumhūrīyah al-Yamanīyah), is an Arab country in Western Asia, occupying the southwestern to the southern end of the Arabian Peninsula. Yemen is the second largest country in the peninsula, occupying 527,970 km² (203,850 sq mi). The coastline stretches for about 2,000 km (1,200 mi). It is bordered by Saudi Arabia to the north, the Red Sea to the west, the Gulf of Aden and Arabian Sea to the south, and Oman to the east. Although Yemen's constitutionally stated capital is the city of Sana'a, the city has been under rebel control since February 2015. Because of this, Yemen's capital has been temporarily relocated to the port city of Aden, on the southern coast. Yemen's territory includes more than 200 islands; the largest of these is Socotra.

Yemen was the home of the Sabaeans (biblical Sheba), a trading state that flourished for over a thousand years and probably also included parts of modern-day Ethiopia and Eritrea. In 275 AD, the region came under the rule of the later Jewish influenced Himyarite Kingdom. Christianity arrived in the 4th century AD whereas Judaism and local paganism were already established. Islam spread quickly in the 7th century and Yemenite troops were crucial in the expansion of the early Islamic conquests. Administration of Yemen has long been notoriously difficult. Several dynasties emerged from the 9th to 16th century, the Rasulid being the strongest and most prosperous. The country was divided between the Ottoman and British empires in the early 20th century. The Zaydi Mutawakkilite Kingdom of Yemen was established after World War I in North Yemen before the creation of Yemen Arab Republic in 1962. South Yemen remained a British protectorate until 1967. The two Yemeni states united to form the modern republic of Yemen in 1990.

Yemen Arab Republic

The Yemen Arab Republic (YAR; Arabic: الجمهورية العربية اليمنية‎ al-Jumhūrīyah al-‘Arabīyah al-Yamanīyah), also known as North Yemen or Yemen (Sana'a), was a country from 1962 to 1990 in the northwestern part of what is now Yemen. Its capital was at Sana'a. It united with the People's Democratic Republic of Yemen, commonly known as South Yemen, on May 22, 1990, to form the current Republic of Yemen.

History

Following the collapse of the Ottoman Empire, northern Yemen became an independent state as the Mutawakkilite Kingdom of Yemen. On 27 September 1962, revolutionaries inspired by the Arab nationalist ideology of United Arab Republic (Egyptian) President Gamal Abdel Nasser deposed the newly crowned King Muhammad al-Badr, took control of Sana'a, and established the Yemen Arab Republic (YAR). This coup d'état marked the beginning of the North Yemen Civil War that pitted YAR troops assisted by the United Arab Republic (Egypt) while Saudi Arabia and Jordan supported Badr's royalist forces opposing the newly formed republic. Conflict continued periodically until 1967 when Egyptian troops were withdrawn. By 1968, following a final royalist siege of Sana'a, most of the opposing leaders reached a reconciliation; Saudi Arabia recognized the Republic in 1970.

Yemen (disambiguation)

Yemen usually refers to:

Yemen can also refer to:

See also