YEMEN RANKED THE TWENTY – SEVENTH INTERNAIONALLY AND THE FIRST PLACE AMONG ARAB WORLD IN THE BUSINESS ENVIRONMENT FOR MICRIFINANCE
With regard to the great efforts made by the Central Bank of Yemen with the relevant authorities in Yemen and in coordination with Social Fund Development, German Society for Technical Cooperation (GTZ) in supporting the microfinance industry in Yemen through preparation of the draft law of microfinance banks no. (15) For the year 2009 as well as the issuance of the regulations and administrative procedures that organize the microfinance banks work in the resolution no. (12) For the year 2010.
Yemen ranked the twenty – seventh internationally and the first place among Arab World in the business environment for microfinance according the studies done and published by Economist Intelligence Unit for 2010
We should also note that Yemen achieved the following:
• Yemen ranked No. 10 internationally in the Legislative Framework for Microfinance.
• Yemen ranked No. 44 internationally in the Investment Climate for Microfinance.
• Yemen ranked No. 32 internationally in the Institutional Development for Microfinance.
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