Oman Beyond the Oil Horizon: Policies Toward Sustainable Growth

November 24, 1999

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Format: Chicago

Volker Treichel, and Ahsan S. Mansur Oman Beyond the Oil Horizon: Policies Toward Sustainable Growth, (USA: International Monetary Fund, 1999) accessed November 21, 2024

Summary

With the steady increase of crude oil production and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Today Oman boasts impressive physical infrastructure, much improved socioeconomic conditions, and a high standard of living. The purpose of this background study is to contribute to a better understanding of developments in the Omani economy since 1980 and of the policy challenges the government faces in the medium term. The study focuses on some central aspects of Oman's economic experience, including the potential structural impediments to growth.

Subject: Commercial banks, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Oil prices, Treasury bills and bonds

Keywords: Commercial banks, Fiscal stance, GCC country, GCC economy, GDP, Global, Interest rate, Investment, Middle East, Oman, Omani treasury bills, OP, Price, Saving-investment balance, Saving-investment gap, Treasury bills and bonds

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1999/012
Stock No:

S185EA0000000
ISBN:

9781557758330
ISSN:

0251-6365

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