A "Friends of Yemen" committee was formed in early 2010 to help support the country's development. Efforts were interrupted in 2011 during the political turmoil of the Arab Spring.
A seven-page British progress report on the panel said "realities in Yemen have shifted" since the committee was created and its agenda must adapt.
"The focus of Friends of Yemen meetings has shifted as realities in Yemen have changed, and the coordination may need to adapt yet again to new political, economic and security realities," a report published Thursday said.
The British government hosted a ministerial-level "Friends of Yemen" meeting in London last year with co-chairs Saudi Arabia and Yemen.
Yemeni President Abdu Rabbo Mansour Hadi has pressed forward with a national reconciliation agenda since taking office in 2012. The British report said it's "becoming clear" that Yemen is entering a new phase of development.
Yemen's development is challenged by al-Qaida threats, separatist ambitions and rebellions.