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Author:
Ahsan S. Mansur
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Language:
English
Print Publication Date:
24 Nov 1999
Keywords:
OP; GDP; interest rate; investment; Oman; price; policy challenge; Oman's vulnerability; excessive dependence; medium-term strategy; Oman well; Fiscal consolidation; Oil

Abstract

With the steady increase in crude oil production and exports and the surge in oil prices in the mid-and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Prudent utilization of oil revenues to develop social and physical infrastructure—with substantial investments undertaken in health, transportation, electric power, water supply, and communications—contributed to a rapid transformation of Oman’s economic foundation and structure. Today Oman boasts an impressive physical infrastructure, much improved socioeconomic conditions, and a high standard of living.

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Cover Oman Beyond the Oil Horizon
Oman Beyond the Oil Horizon
Policies Toward Sustainable Growth
ISBN:
9781557758330
ISSN:
0251-6365
Publication Date:
24 Nov 1999
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758330.084
Pages:
67

  • Heller, P., Richard Haas, and Ahsan Mansur, 1986, A Review of the Fiscal Impulse Measure, IMF Occasional Paper 44 (Washington: International Monetary Fund).

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