The International Monetary Fund (IMF) has commended the resilience of Oman’s economy and the continued momentum of its structural reforms following the conclusion of its 2026 Article IV consultation mission. The IMF noted that Oman’s real GDP growth accelerated to 2.4% in 2025 and is projected to rise further to around 3.7% in 2026, driven by increased oil production. The fiscal surplus is projected to widen to 4.5% of GDP in 2026, supported by higher oil revenues and continued fiscal discipline. Central government debt continued its downward trajectory, reaching 34.7% of GDP at the end of 2025. The IMF also described Oman’s banking sector as resilient, with comfortable capital and liquidity ratios, strong asset quality, and sustained profitability. The Fund stressed that maintaining reform momentum will be essential to accelerating economic transformation and reinforcing fiscal and external sustainability.
