Yemen Bringing Back Business Project : Risky Business - Impact of Conflict on Private Enterprises
Escalating in March 2015, the conflict spanning across Yemen has resulted in massive casualties, a wave of internally displaced persons, substantial infrastructure damage, and hampered service delivery across both the economy and society. The busin...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/205781562185537178/Yemen-Bringing-Back-Business-Project-Risky-Business-Impact-of-Conflict-on-Private-Enterprises http://hdl.handle.net/10986/32048 |
| Summary: | Escalating in March 2015, the conflict
spanning across Yemen has resulted in massive casualties, a
wave of internally displaced persons, substantial
infrastructure damage, and hampered service delivery across
both the economy and society. The business climate across
Yemen has dramatically deteriorated as a result of the
conflict, and businesses throughout the country experienced
severe disruptions that for many firms constituted a force
majeure situation, hindering their ability to either operate
effectively or plan ahead for the future. Addressing these
challenges requires substantial effort by the GoY and the
international community to support the resilience of the
private sector and prevent its further deterioration and
losses. The loss of private sector wealth and activity of
this magnitude is part and parcel to the food insecurity,
poverty, public health issues, and defunct service provision
that plagues the war-fatigued population. As such, both in
the future post-conflict setting and at present, engaging
and revitalizing the Yemeni private sector is a crucial and
indispensable step towards the successful reconstruction and
recovery of Yemen, and the long-term well-being of the population. |
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