Oman participates in GCC-IMF Meeting

Doha: The Sultanate of Oman, represented by a joint delegation from the Central Bank of Oman and the Ministry of Finance, participated in the joint meeting of the Finance Ministers and Central Bank Governors of the Gulf Cooperation Council (GCC) States with the Managing Director of the International Monetary Fund (IMF), held today in Doha, Qatar.

Oman’s delegation was headed by Sayyid Taimur bin Asa’ad Al Said, Chairman of the Board of Governors of the Central Bank of Oman.

The meeting focused on major global economic and financial developments and the economic conditions in GCC States, together with the priorities of the International Monetary Fund and ways to enhance coordination between GCC States and IMF.

During the meeting, the International Monetary Fund reviewed a working paper titled "Economic Challenges and Policies in GCC states in light of Geopolitical Conditions", which highlighted the ability of GCC economies to withstand economic shocks and improvement in the performance of the non-oil sector during the past year, in addition to discussing the performance of their monetary, fiscal and structural policies.