IMF Team of Experts Begins Mission In Oman

Muscat, Meetings of a mission of International Monetary Fund (IMF) experts began here today via video-conferencing. The meetings, which continue till 7 June, come within the context of the 2021 Article 4 consultations.

Nasir Khamis al-Jashmi, Secretary General of the Finance Ministry, chaired the opening session of the virtual meeting.

In accordance with provisions of Article 4 of the global institution’s foundation agreement, the IMF holds annual bilateral discussions in member states.

According to these discussions, the IMF’s economic and financial country report is issued.

The two-week meetings will cover developments of macro-economy, its future scopes, response to Covid-19 and preparations for the recovery period. They will also discuss priorities of the financial policies and measures listed under the Medium Term Fiscal Plan (2021-2025), including financial regulation procedures.

The agenda includes a review of Oman’s medium term strategy for funding fiscal needs and the management of sovereign assets. This covers expected financial obligations of state-owned firms and Energy Development Oman.

Source: Oman News Agency