Oman
Oman’s non-oil sector will boost exports
Oman’s non-oil exports will grow further, helping to underpin the trade surplus
OmanOman's LNG exports will increase as oil plateaus
Waning crude reserves, gas sector optimism and decarbonisation trends underpin the government’s oil and gas policies
OmanOman will seek to mitigate the impact of future floods
The country has been hit by severe weather conditions since April 14
OmanOman will boost investments for diversification
The government is prioritising both employment and investments
OmanOman will capitalise on its fiscal space
The 2024 budget aligns with the government’s aims of reducing the debt burden and building fiscal sustainability
OmanOman’s reliance on foreign investments will grow
The government is pressing on with hydrogen production projects to reduce fossil fuel reliance
OmanOman's growth will depend on reforms and oil prices
An IMF staff visit to Oman took place on November 1-15
OmanOman will prioritise hydrogen production
The government is focusing on fiscal consolidation and aims to reduce vulnerability to oil price fluctuations
OmanOman’s macroeconomic outlook will weaken in 2023
Growth in Oman rose in 2022, driven by strong oil prices and higher oil and gas production
Oman
