MUSCAT: The Ministry of Economy on Wednesday received a team of experts from the International Monetary Fund (IMF), currently visiting the Sultanate of Oman.
The two sides exchanged views about key developments related to the national economy and prospects for the growth of the Omani economy, notably in non-oil sectors. They discussed the most prominent drivers of economic growth during 2026 and 2027. They also studied the direct and indirect impacts of regional geopolitical developments on the national economy, as well as relevant potential repercussions on trade, investment and supply chains.
The IMF team also took note of initiatives to enhance the integration of small and medium enterprises (SMEs) into value-added chains at special economic zones, free zones and industrial cities in a bid to boost local content, expand investment opportunities and back entrepreneurship.
During the meeting, the Ministry of Economy affirmed the positive performance of Omani non-oil sectors, coupled with the success of economic reforms, development programmes and strategic projects implemented by government departments and national companies. It explained that this drive fits with the objectives of Oman Vision 2040 and underscores the competitiveness of the national economy and its ability to cope with regional and international changes. - ONA
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