Since 2011, Yemen has suffered a seriesof crises resulting in the ongoing war which began in March2015 and which has had major economic consequences. Tradehas been badly affected by the war. The Yemeni financialsector faces problems of liquidity, solvency and foreignexchange access. The construction sector is historically animportant sector in Yemen and should play a major role inrecovery.The Government of Yemen and donors should takeimmediate steps tosupport the private sector.The year 2011represented a series of political, social, and economiccrises,culminating in the war that started in March 2015,which continue to reverberate throughout Yemen today.Effective reconstruction and recovery demands anunderstanding of the socio-economic drivers of resilienceand recovery in Yemen, including the private sector. Theprivate sector, including micro, small, and mediumenterprises (MSMEs) that are prevalent in Yemen, is a majorsource of employment and provider of basic goods andservices, making it an important part of socio-economicresilience and recovery. The capacity oftrade, financial,construction, and agricultural sectors will be of particularimportancefor recovery and reconstruction. This note willdiscuss both conflict related and key systemic constraintsonthe private sector and priorities for supporting resilienceand recovery.It will focus on the private enterprise insectors that are key to resilience and recovery:trade,construction, finance, and agriculture. It will presentimmediate and short-term investment and policyrecommendationsto support the recovery and stabilizationneeds of private sector operations during and following theend of the conflict.
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