Special Focus Yemen: What Does the Conflict Induced Public Sector Crisis Mean for Food Security in Yemen?
Publisher: World Food Programme
Author(s): World Food Programme
Date: 2016
Topics: Livelihoods, Renewable Resources
Countries: Yemen
Since the breakout of conflict in Yemen in March 2015, the population has been the primary victim, sustaining air bombardments, rocket attacks and economic blockades. Over 10,000 people have been killed, approximately 4,000 of them civilians, and 3.15 million Yemenis are internally displaced. There used to be a tacit agreement between the parties in the conflict to allow the CBY to perform its functions relatively free from interference. Until recently, the bank has remained largely impartial, guaranteeing the import of basic commodities, protecting the value of the riyal and paying publicsector salaries nationally. However, without revenue from interrupted hydrocarbon exports (previously 70 percent of government revenue) or donor support, the bank is rapidly approaching insolvency