Daniel Kanda News Today

The sultanate’s total budget surplus increased to RO1.09bn for the January–August period of 2022 against a deficit of RO1.05bn in the same period of 2021, data released by the Ministry of Finance showed on Wednesday.

The International Monetary Fund has praised Oman's efforts in dealing with the COVID-19 crisis and reviving the economy after the pandemic.

High oil prices, continued fiscal consolidation and determined implementation of structural reforms in Oman are expected to generate fiscal surpluses and higher growth, an International Monetary Fund (IMF) mission report said.

Muscat - Favorable oil prices and continued fiscal consolidation efforts are expected to generate substantial fiscal and external surpluses for Oman, and support higher growth over the medium term, according to the International Monetary Fund (IMF).

Omans continued fiscal consolidation efforts and the favourable oil prices are expected to generate substantial fiscal and external surpluses, and support higher growth over the medium term, says an International Monetary Fund (IMF) mission report.

Optimistic outlook: Public debt to slide to 45pc of GDP in 2022, down from 63pc of GDP in 2021, says IMF in latest observationA new report by the International Monetary Fund (IMF)...

Article content (Bloomberg) — The International Monetary Fund’s technical assistance for Oman doesn’t come with conditions and isn’t going to lead to any financial assistance, its mission chief to the Gulf country said. “The medium-term fiscal plan is not a plan with the IMF, it is the authorities’ own plan,” Daniel Kanda told Bloomberg in an interview late Wednesday. “It was pretty much completed by the time we got into the picture, it’s not something that was jointly develop...

By: Times News Service From a high of OMR17.3bn last year, Oman’s borrowings are expected to decline progressively Muscat: Oman’s net borrowing is expected to reach zero in 2024, thanks to measures taken to reduce the county’s fiscal deficit and diversify its economy, according to a report by the International Monetary Fund (IMF). The report was published after a staff visit led by Daniel Kanda, senior economist at the IMF, to assess the plans drawn up by the country to in the light of th...

A mild recovery of 1.5 per cent in non-oil GDP growth is projected for 2021