Yemen Country Engagement Note - for the Republic of Yemen - for the Period FY22-FY23

Jul 19, 2026

Yemen Country Engagement Note FY22–FY23 sets out how the World Bank Group supports the Republic of Yemen during a defined fiscal period. The note reviews Yemen’s country context across political, humanitarian/social and poverty, and economic dimensions, summarizes the Group’s engagement to date and key lessons, and presents the new Country Engagement Note program. It also covers analytics, operating modalities, partnerships, financing, and an explicit risk framework addressing security, stakeholders, macroeconomic, fiduciary, and environmental/social risks.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages37

Reading Time1 h 33 min

Executive Summary

I. Country Context

Political context

Humanitarian, Social and Poverty context

Economic context

II. WBG response to date

WBG Engagement

Lessons from Yemen experience

Lessons from other fragile and conflict-affected settings

III. The New CEN

Program

Analytics

Operating modalities

Partnerships

Financing

IV. Risks

Security, Political and Governance Risks

Stakeholders Risks

Macroeconomic Risks

Fiduciary Risks

Environment and Social Risks

Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank Group FOR OFFICIAL USE ONLY Report No: 169022-YE INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY ENGAGEMENT NOTE FOR THE REPUBLIC OF YEMEN FOR THE PERIOD FY22-FY23 April 14, 2022 Yemen Country Management Unit Middle East and North Africa Region The International Finance Corporation Middle East and North Africa Department The Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. The date of the last Country Engagement Note is April 16, 2019 FISCAL YEAR July 1 – June 30 Abbreviations and Acronyms AF ASA CBY CDD CEN CERC CoS COVID-19 ECRP EHNP FCV FM FY GBV GDP GOY IDA IDP IFC Additional Financing Advisory Services and Analytics Central Bank of Yemen Community-Driven Development Country Engagement Note Contingent Emergency Response Component Continuum of Support Coronavirus Disease of 2019 Emergency Crisis Response Project Emergency Health and Nutrition Project Fragile, Conflict, and Violence/-affected Financial Management Fiscal Year Gender-Based Violence Gross Domestic Product Government of Yemen International Development Association Internally Displaced Person International Finance Corporation IRG MENA MCHN MDTF MIGA PWP SAPREP SFD STC TA TPM UN UNDP UNICEF UNOPS WASH WBGYIUSEP YER Internationally-Recognized Government of Yemen Middle East and North Africa Maternal, Child Health and Nutrition Multi-Donor Trust Fund Multilateral Investment Guarantee Agency Public Works Project Smallholder Agricultural Production Restoration and Enhancement Project for Yemen Social Fund for Development Southern Transitional Council Technical Assistance Third-Party Monitoring United Nations United Nations Development Programme United Nations Children’s Fund UN Office for Project Services Water, Sanitation and Hygiene World Bank Group Yemen Integrated Urban Services Project II Yemeni Rial | Vice President: Director: Task Team Leader: | IBRD Ferid Belhaj Marina Wes Tania Meyer | IFC Hela Cheikhrouhou Abdullah Jefri (acting) Youssef Habesch | MIGA Ethiopis Tafara Merli Baroudi Mena Cammett | | --- | --- | --- | --- | FY22-23 COUNTRY ENGAGEMENT NOTE FOR THE REPUBLIC OF YEMEN Table of Contents Executive Summary ...................................................................................................................................... 4 I. Country Context ........................................................................................................................................ 7 Political context ........................................................................................................................................ 7 Humanitarian, Social and Poverty context.............................................................................................. 7 Economic context ................................................................................................................................... 11 II. WBG response to date ........................................................................................................................... 13 WBG Engagement .................................................................................................................................. 13 Lessons from Yemen experience ............................................................................................................ 14 Lessons from other fragile and conflict-affected settings .................................................................... 17 III. The New CEN

FAQs

What period does the Yemen Country Engagement Note cover?

It covers the period FY22–FY23, with the note dated April 14, 2022.

What parts does the note include after the executive summary?

It includes a Country Context section, a review of the World Bank Group’s response to date, the new CEN program and supporting areas (analytics, operating modalities, partnerships, financing), and a risks section.

What types of risks does the note discuss?

The note covers security, political and governance risks; stakeholder risks; macroeconomic risks; fiduciary risks; and environment and social risks.

Jul 19, 2026

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