CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Yemen Gets IMF Loan To Support Fiscal Reform

Yemen Gets IMF Loan To Support Fiscal Reform

by Lorys Charalambous, Tax-News.com, Cyprus

04 September 2014


Yemen has secured a three-year USD552.9m Extended Credit Facility from the International Monetary Fund (IMF), part of which will be used to support fiscal reforms.

The Facility is designed to support the nation's cash flow while authorities undertake fiscal reforms to close the deficit. It aims to support the economy while protecting the most vulnerable taxpayers, the IMF said in a statement. Fiscal measures are planned over the medium term. These will include reform of the civil service and initiatives to improve tax compliance rates.

The fiscal deficit is projected to total 5.4 percent of gross domestic product (GDP) this year.

TAGS: compliance | tax | tax compliance | gross domestic product (GDP) | budget | International Monetary Fund (IMF) | Yemen

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »