Current Situation
Though currently in crisis, Yemen has the economic resources to rebuild and integrate with the global economy. USAID and other international partners provide assistance to address the humanitarian crisis while also instituting reforms to enable a war-weakened private sector to grow the Yemeni economy. Beyond financial resources, private investment is needed to bring technology, market connections and managerial expertise to capitalize on exports of renowned products such as Yemeni honey, coffee, and seafood. As Yemen stabilizes, attractive investment opportunities will emerge to enable the Yemeni economy to increase household incomes and employment and reduce the need for donor assistance. USAID stands ready to assist potential investors.
USAID’s Role
USAID has undertaken critical tasks in rebuilding Yemen’s fundamental economic institutions. USAID supplies technical assistance to the Central Bank of Yemen and the Ministry of Finance, the two institutions most important to facilitate investment and business opportunities. USAID and the US Embassy to Yemen work closely with the International Monetary Fund and the World Bank to promote institutional reforms and business opportunities. This includes maintaining access to basic goods and services, enabling access to financial services, amending regulations to support business-led growth, and promoting peace and stability amid the on-going conflict. USAID also works with local financial institutions and maintains close connections with government agencies needed to navigate complexities of the current business operating environment. More specifically, USAID helps businesses to 1) improve productivity, 2) upgrade processing facilities, 3) gain access to finance, and 4) enhance supply chain resilience.
