WASHINGTON – The announcement comes on the sidelines of the 2025 Joint Annual Meetings of the World Bank Group and International Monetary Fund in Washington DC, where a high-level Omani delegation, led by His Excellency Sultan bin Salim Al Habsi, Minister of Finance, is participating in key discussions on global economic cooperation and development.

The ministerial meetings are addressing strategic mechanisms to enhance Oman’s partnerships with international financial institutions and credit rating agencies, while exploring avenues for expanded cooperation with global banking institutions and IMF technical advisory services.

In a significant development on the sidelines of the meetings, His Excellency Al Habsi will formalise an agreement with the World Bank Group to establish a comprehensive country office in Oman. This strategic representation will encompass the Group’s key institutions: the International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, and Multilateral Investment Guarantee Agency.

The Omani delegation’s agenda includes participation in the annual consultation between Arab Finance Ministers and the World Bank President, focusing on regional economic priorities and development trajectories across Arab nations. The delegation will also conduct a series of bilateral meetings with international counterparts and leading financial institutions to strengthen cooperative frameworks and address shared economic interests.