Oman: 2024 Article IV Consultation-Press Release; and Staff Report
Author:
International Monetary Fund. Middle East and Central Asia Dept.
International Monetary Fund. Middle East and Central Asia Dept. Search for other papers by International Monetary Fund. Middle East and Central Asia Dept. in Current site Google ScholarClose
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.