Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

OMAN

Diversification, Public Investment Help Oman Meet Challenge Of Oil Decline, Says IMF

Significant progress towards diversifying the Omani economy away from oil, and increased levels of public investment in key sectors, are helping the country to maintain a favourable economic outlook despite declining oil production, the IMF has said following the conclusion of article IV consultations. In its 9 December report, the IMF said that...