Yemen is at a crossroads. Two yearsafter popular unrest led to the ousting of the formerpresident, there is now a coalition government, and thebeginnings of a national political transition. March 2013saw the launch of the National Dialogue Conference (NDC)that has brought together political and civil society actorsfrom across the spectrum to formulate a constitution andbring closure not only to the unrest that began in 2011, butto decades of unresolved grievances and conflicts withinYemen.Expectations are high and much is riding on theoutcome of the NDC, not least of which is the futuredirection of the Yemeni economy. As in most developingcountries, the Yemeni private sector consists predominantlyof micro, small, and medium enterprises (MSMEs) - over 97presentage of firms (about 290,000 in number) have less than25 employees with total estimated employment of over 600,000workers, including approximately 30,000 women. The inclusionof these MSMEs in Yemen's economic recovery is criticalfor social stability as they represent a significant portionof the jobs outside the public sector and a significantsource of income for segments of the Yemeni population. Evenmore crucially, they also represent an important source ofpotential future job growth.
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