The Influence of Al-Amal Microfinance Bank’s Humanitarian and Economic Empowerment Initiatives on FX Market and Network in Yemen (2017-2023)

This study is conducted to investigate the impact of Al-Amal Microfinance Bank’s humanitarian and economic empowerment initiatives on the foreign exchange (FX) market and network in Yemen. Building on a solid theoretical framework that addresses relevant aspects, this research extends to cover the aforementioned gap of knowledge. Employing a mixed-methods research design, the study combined quantitative and qualitative data analysis to provide a comprehensive understanding of AMB's initiative influence. Through a text-based, desk review, analysis, and questionnaire-based data collection, the study examines AMB's humanitarian and economic empowerment initiatives/projects and FX market dynamics, alongside its impact. The findings reveal that AMB's initiatives have positively influenced the FX market by enhancing the foreign balance of payments and availability of local currency, contributing to boosting national GDP by promoting financial inclusion, job creation, and economic empowerment.

The study's implications for policymakers and practitioners are significant. By understanding the interconnectedness between microfinance, humanitarian assistance, and economic development, policymakers can design more effective interventions to support economic recovery and stability in conflict-affected regions like Yemen.