MUSCAT – The meeting took place during the IMF mission’s visit to the Sultanate, which runs until mid-June and forms part of the fund’s regular consultations with member countries to assess economic and financial conditions and review growth prospects.
The FSA delegation was led by His Excellency Abdullah bin Salim Al Salmi, Executive President of the authority, while the IMF team was headed by Abdullah Al Hassan, the fund’s mission chief for Oman, accompanied by specialists in economic and financial affairs.
Discussions focused on developments in the financial markets and insurance sector, including the impact of regional geopolitical developments on market performance and insurance activities. The two sides also reviewed measures aimed at strengthening financial stability and enhancing the sector’s readiness to address potential risks and challenges.
The meeting further examined efforts to deepen Oman’s financial markets through the development of debt markets, improved liquidity, broader participation by local and foreign investors, and the diversification of financing and investment instruments. Participants also discussed initiatives to modernise financial market infrastructure and improve investment attractiveness.
Sustainable finance and Gulf financial market integration were also on the agenda, including the adoption of IFRS S1 and IFRS S2 sustainability disclosure standards and ongoing efforts to strengthen regulatory frameworks supporting green and sustainable financial instruments.
In addition, officials reviewed trends in foreign investment, developments in initial public offerings and measures aimed at enhancing market depth, increasing liquidity and expanding the investor base to boost the competitiveness of Oman’s capital market.
The consultations form part of ongoing cooperation between Oman and the IMF to support economic resilience, strengthen financial stability and promote sustainable economic growth amid evolving regional and global economic conditions.