+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Country Risk Service Yemen 3rd Quarter

  • ID: 2983400
  • Country Profile
  • Region: Yemen
  • 26 Pages
  • The Economist Intelligence Unit
1 of 3
Yemen remains D-rated. It will run fiscal deficits in 2018-19 owing to severely reduced oil production and weak public revenue, because of the impact of the civil war on the economy. As a result, and given the country's political chaos, The Economist Intelligence Unit believes that Yemen is currently defaulting on most-or all-of its debt repayments and that it will remain heavily reliant on foreign aid.

The currency risk score has improved following the injection of US$2bn into the Aden-based central bank by Saudi Arabia. However, it remains C-rated, undermined by the lack of consistent revenue that is needed to boost reserves and support the currency. Renewed currency depreciation and more general currency instability will remain prevalent.

Despite deepening interference in the sector, which has led to a worsening score, Yemen's banking risk remains C-rated. Banks' exposure to the fragile public finances is a concern. The ongoing war has led to rising non-performing loans, as well as an escalating liquidity crisis as local and foreign depositors withdraw bank deposits.
Note: Product cover images may vary from those shown
2 of 3
Country Risk Service Yemen 3rd Quarter

Risk assessment
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk

Definitions
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk
Overall country risk

Sovereign risk
Current assessment
Positive factors
Negative factors
Rating outlook

Currency risk
Current assessment
Positive factors
Negative factors
Rating outlook
Foreign-exchange regime

Banking sector risk
Current assessment
Positive factors
Negative factors
Rating outlook

Generic risks
Political risk assessment
Economic structure risk assessment

Country risk
Overall country risk

Central scenario for 2018-22: Political stability

Central scenario for 2018-22: Election watch

Central scenario for 2018-22: International relations

Central scenario for 2018-22: Policy trends

Central scenario for 2018-22: Fiscal policy

Central scenario for 2018-22: Monetary policy

Central scenario for 2018-22: Economic growth

Central scenario for 2018-22: Inflation

Central scenario for 2018-22: Exchange rates

Central scenario for 2018-22: External sector

Central scenario for 2018-22: External financing requirement

Central scenario for 2018-22: External debt

Key risk indicators

Ratings summary

Quarterly indicators

International assumptions summary

Economic structure

Public finances

Exchange rates, interest rates and prices

Financial sector

Current account

International liquidity

Foreign payment and liquidity indicators

External trade

External financing requirement

External debt stock

External debt service
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
Note: Product cover images may vary from those shown
Order Online - visit: https://www.researchandmarkets.com/reports/2983400
Adroll
adroll