Economic Recovery & Livelihoods Program (ERLP) - Yemen Quarterly Report FY 2021 Quarter I

The program is implemented by The Pragma Corporation and is funded by the United States Agency for International Development (USAID). The ERLP FY2021 Q1 report highlights the program's progress and achievements during the first quarter of the fiscal year 2021, which corresponds to the period from September to December 2020. The report emphasizes the importance of improving macro-economic functions of key institutions, including the Central Bank of Yemen (CBY), the Ministry of Finance (MOF), and the Ministry of Industry and Trade (MOIT). The program's Component 1 focuses on improving monetary policy development and implementation, fiscal policy development and implementation, and trade facilitation policy development and implementation. The report highlights the program's achievements in these areas, including the development of a monetary policy framework, the implementation of a fiscal policy reform, and the strengthening of trade facilitation policies. The program's Component 2 focuses on improving micro-economic conditions, including the support to small and medium enterprises (SMEs), sustainable livelihoods, and workforce development. The report highlights the program's achievements in these areas, including the provision of training and capacity-building programs for SMEs, the support to agricultural and fisheries sectors, and the development of a workforce development strategy. The report also highlights the program's monitoring, evaluation, and learning (MEL) achievements, including the development of a MEL framework, the implementation of a performance indicator tracking table, and the conduct of a midterm evaluation. The report emphasizes the importance of MEL in ensuring the program's effectiveness and efficiency. The ERLP FY2021 Q1 report provides a comprehensive overview of the program's progress and achievements during the first quarter of the fiscal year 2021. The report highlights the program's focus on improving macro-economic stabilization and micro-economic conditions, and its achievements in these areas. The report also emphasizes the importance of MEL in ensuring the program's effectiveness and efficiency. The program's geographic focus is on Yemen, with a specific emphasis on the country's economic recovery and livelihoods. The report highlights the program's achievements in different regions of Yemen, including the support to SMEs, the development of sustainable livelihoods, and the strengthening of trade facilitation policies. The report provides a detailed analysis of the program's performance indicators, including the improvement in macro-economic functions, the increase in SME capacity, and the support to sustainable livelihoods. The report also highlights the program's challenges and lessons learned, including the need for further support to the CBY, the MOF, and the MOIT, and the importance of addressing the program's capacity constraints. The ERLP FY2021 Q1 report concludes by emphasizing the importance of continued support to Yemen's economic recovery and livelihoods. The report highlights the program's achievements and challenges, and emphasizes the need for further support to the country's economic development. The report provides a comprehensive overview of the program's progress and achievements, and serves as a valuable resource for policymakers, practitioners, and stakeholders interested in Yemen's economic recovery and livelihoods.