IMF approves 18-month Staff‑Monitored Program for Yemen (non‑financing)
On 7 October 2026 IMF Management approved an 18‑month Staff‑Monitored Program (SMP) with Yemen. The SMP is non‑financing and focuses on macroeconomic stabilization, revenue mobilization, and institutional capacity building while preserving social spending and donor coordination.
The desk brief
On 7 October 2026 IMF Management approved an 18‑month Staff‑Monitored Program (SMP) with Yemen. The SMP is non‑financing and focuses on macroeconomic stabilization, revenue mobilization, and institutional capacity building while preserving social spending and donor coordination.
An IMF SMP can help coordinate donors and set policy conditionality that supports stability in remittance corridors serving the Horn of Africa. Because the program carries no financing, any stabilising effect on Kenyan banks or Djibouti port-related flows depends on donor follow‑through and implementation of Yemeni policy measures; it does not create immediate external liquidity for counterparties.
IMF staff monitoring reviews of SMP implementation and any linked donor financing or technical support in the coming quarter.
Sources & verification
Developing storyFurther independent confirmation is required.
- IMF Announces Policy Advisory Program for War-Ravaged Yemenaawsat.comSource published (opens in a new tab)
- IMF Approves Staff-Monitored Program for Yemenmiragenews.com (opens in a new tab)
Public references supporting this brief.