Oman: 2024 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2025 Issue 013

Publication date: January 2025

ISBN: 9798400298318

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Revenue administration , Oil prices , Fiscal stance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Government asset and liability management

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Summary

Oman has achieved a remarkable improvement in its economic fundamentals. The fiscal and external positions have strengthened significantly, while nonhydrocarbon growth is picking up amid low inflation. Investor confidence has increased, paving the way for rising private sector investments. Sustained reform efforts would amplify gains from these accomplishments and help achieve the targeted economic transformation as set out under Oman Vision 2040.