Christine Lagarde, Managing Director of the International Monetary Fund said in a statement to the press on Thursday Yemen had despite many difficulties managed to chieve "some positive results in its efforts to balance its economy."
And while she insisted that more efforts should be exerted towards the set up of strong state infrastructures as to support growth and social development, the impoverished nation was nevertheless heading in the right direction.
Lagarde advised for a strong employment policy which would not only help restore social stability but as well promote national growth as people's buying power would expand.
But more importantly Lagarde urge the Yemeni government to focus on transferring its state energy subsidies program toward "income transfers to the poor and infrastructure investments," while "at the same time, it is important to continue to improve governance, and to develop the financial sector and preserve its stability, so that the private sector can expand," read the report.
The IMF MD also called on the international to continue supporting Yemen in its transitional period by providing the ailing nation some much needed funding and support as it looks to find its economic footing.
Racked by poverty and a devastating humanitarian crisis Yemen is dealing with a protracted economic crisis which decades of mis-management and rampant corruption have led to spiral out of control. Insecurity and political infighting have only exacerbated the nation's economic situation, making recovery a complicated matter.
And if much remains to be done, it appears that Yemen's very own economic silver lining is slowly materializing.