Author
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date
2023
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Money and Monetary Policy, International Economics, Monetary Policy, International Agreements and Observance, International Organizations, Monetary economics, International institutions, Monetary policy, International organization, International agencies, Oman
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
79
Library
Wesleyan University Library
Library Asset ID
ISBN : 9798400229060
Record ID
alma9933046739903768
Library Location
See online access
Date
2023
Notes
Strong policy actions helped mitigate the fallout from the COVID-19 pandemic, and the economic recovery is gaining traction, supported by revival in the hydrocarbon sector and the relaxation of social restrictions. CPI inflation has been contained thus far, partly reflecting administered prices and caps on selected fuel prices. Fiscal and external buffers have increased, supported by higher hydrocarbon revenues and substantial fiscal adjustment under the authorities’ Medium-Term Fiscal Plan (MTFP). The authorities remain committed to fiscal consolidation notwithstanding oil revenue windfalls and social pressures. Financial soundness indicators appear healthy, benefiting from the strong buffers before entering the crisis and prudent central bank oversight. A broad range of structural reforms are being implemented under Oman Vision 2040. However, downside risks, notably from global sources, dominate in the short run.
Seri
IMF Staff Country Reports, IMF Staff Country Reports; Country Report ; No. 2022/343
