[{"bbox": [86, 199, 399, 228], "category": "Section-header", "text": "## 3.5 The Intervention Logic"}, {"bbox": [97, 304, 1161, 532], "category": "Text", "text": "The underlying intervention logic for this action is that strengthening the capacities of economic institutions in the design and implementation of policies will contribute to improving the functioning of key central level economic institutions, and help in the monetary stabilisation of the country, while building trust and strengthen legitimacy of government actors. In addition, supporting the economic advancement, power and agency of young people and women (representing about the 70% of the population in Yemen) will contribute to increasing the economic productivity, reducing the unemployment rate and promoting gender equality. In the long run, this will create conditions for a sustainable and inclusive economic recovery. From a conflict-sensitivity perspective, increasing young people's economic opportunities could also contribute to curbing recruitment by armed groups."}, {"bbox": [97, 550, 601, 577], "category": "Text", "text": "The **Theory of Change** for the action reads as follows:"}, {"bbox": [97, 595, 1161, 834], "category": "Text", "text": "**IF** the action strengthens the technical and operational capacities of key economic institutions for the development of their competencies (Output 1.1), improves the economic governance and processes for the design, formulation and development of policies and reforms for economic recovery (Output 1.2), and enhances private sector development and public private dialogue for building economic resilience (Output 1.3), **AND** provided that internal divisions between factions do not jeopardise unity of the Internationally-Recognised Government of Yemen, the liquidity challenges and lack of salary for civil servants are improved or stay at a manageable level and Corruption will not jeopardise the achievement of the overall objective (Assumption 1), **THEN**, the functioning of key economic institutions and their ability to design and implement policy reforms and measures to lead economic recovery will improve (Outcome 1)."}, {"bbox": [97, 862, 1161, 1090], "category": "Text", "text": "**IF**, the action improves knowledge and technical skills of women and youth for entrepreneurship and labour inclusion, with a focus on digital and green economy (Output 2.1), increases access to finance for women and youth-led MSMEs which are tailored to their needs and capacities, with a focus on digital and green economy (Output 2.2), and strengthens organisational ecosystems supporting women's and youth entrepreneurship at regional and national level (Output 2.3), **AND** provided that the majority of the targeted areas remain accessible, the parties to the conflict are supportive of this action in both regions, authorities do not place severe constraints on women's participation in economic life, and liquidity shortages are kept at manageable level (Assumption 2), **THEN**, the economic empowerment of young people and women and participation in Yemen's economy will be enhanced (Outcome 2)."}, {"bbox": [97, 1108, 1161, 1250], "category": "Text", "text": "Achieving the intervention's outcomes is subject to the broader assumptions that: hostilities do not relapse into a full nation-wide conflict that would impede any degree of regular operative capacities of Yemeni stakeholders and their institutions; involved stakeholders have the power and authority to implement impactful change; and external shocks (e.g. tightening of blockade, fiscal crisis etc.) do not exacerbate the fiscal and monetary crisis to a degree where it would impede the capacity of stakeholders participating in the activities to implement meaningful change."}, {"bbox": [97, 1268, 1161, 1353], "category": "Text", "text": "If these Outcomes are achieved, **THEN** the action will have contributed to creating pathways for economic resilience in Yemen. This is **BECAUSE** only by building economic resilience and conditions for viable economic growth, a transition towards a peaceful stable and sustainable economy can be achieved."}, {"bbox": [1028, 1682, 1144, 1706], "category": "Page-footer", "text": "Page 12 of 24"}]