VOL. XLII

No. 33

16-August-1999

OMAN

IMF Says Omans Economy Averaged 5.5% Growth For Last TenYears

Following a meeting of its board of directors and at theconclusion of the Article IV consultation with Oman, the International MonetaryFund (IMF) announced that the countrys GDP growth averaged 5.5% over the pastdecade, with much of the impetus coming from the non-oil sector. The IMF saidthe economy has performed relatively well in recent years, helped by pragmaticmacroeconomic management and...