Aden — The European Union has welcomed the renewed participation of the International Monetary Fund (IMF) in Yemen’s economic consultations, marking the first such engagement since 2014. The EU Delegation to Yemen described the move as a “breakthrough” in restoring international financial cooperation and supporting Yemen’s fragile economy.

In an official statement, the EU commended the successful completion of the IMF’s Article IV consultations with the Yemeni government, which took place in Amman earlier this month. These consultations are part of the IMF’s regular surveillance framework, offering expert assessments of macroeconomic policies, fiscal management, and financial stability.

“The resumption of IMF engagement is the fruit of continuous efforts,” the EU Delegation said, noting that it had worked closely with the Fund and other international partners to facilitate the process. The EU emphasized that the consultations represent a critical step toward economic stabilization, transparency, and institutional reform in Yemen.

The IMF’s mission concluded with a statement outlining preliminary findings and recommendations aimed at addressing Yemen’s fiscal challenges, improving public financial management, and enhancing the resilience of its banking sector. The Fund also highlighted the need for inclusive growth and stronger social safety nets to protect vulnerable populations.

Yemen’s return to the IMF’s consultation framework comes amid ongoing conflict, currency volatility, and widespread poverty. The EU stressed that international financial institutions have a vital role to play in helping Yemen rebuild its economy and restore confidence in public institutions.

Yemeni officials expressed optimism about the renewed cooperation, stating that it could pave the way for future financial support and technical assistance. Civil society groups and economists also welcomed the development, urging the government to implement reforms recommended by the IMF to ensure long-term sustainability.

The EU reaffirmed its commitment to supporting Yemen’s recovery through diplomatic engagement, humanitarian aid, and economic development programs. It called on other international actors to join efforts in strengthening Yemen’s financial governance and promoting stability.