In its latest assessment of Yemen’s situation, the World Bank warned that as the conflict continues, the country remains one of the poorest in the Middle East and North Africa, and lags behind in almost all development indexes.
World Bank assessment added “The ongoing conflict has crippled the economic and social development in the country and led to a deterioration in living standards of most of the population and to a steep rise in the prices of essential goods, particularly food items.
Looking ahead, the World Bank noticed “Yemen's prospects remain uncertain due to stalled peace negotiations and persistent regional and domestic tensions.
It concluded “Significant downside risks could further destabilize the economy, particularly if Houthi attacks escalate in the Red Sea. On the other hand, a lasting truce or peace agreement could serve as a catalyst for rapid economic recovery. And with international assistance, reconstruction efforts supported by development partners, and post-conflict reforms, Yemen could achieve accelerated and sustained growth in the short to medium term, helping to build the foundation for a unified, prosperous future for all Yemenis.