Oman's Ministry of Finance published the International Monetary Fund staff's preliminary assessment following meetings with the government under the 2026 Article IV consultation. The IMF commended the Omani economy's performance and its ability to absorb regional geopolitical developments, attributing this to continued prudent economic and fiscal policies and progress on structural reforms. It estimated real gross domestic product growth at 2.4 percent in 2025, up from 1.6 percent in 2024, and projected 3.7 percent growth in 2026, driven by higher oil production and continued momentum in non-oil sectors, while inflation remains moderate. The assessment also pointed to further improvement in public finances and external accounts, supported by higher oil revenue, strong non-oil exports and ongoing fiscal discipline. It projected notable surpluses in the fiscal balance and current account of about 4.5 percent and 3 percent of gross domestic product respectively, alongside a continued decline in public debt as a share of gross domestic product. The banking sector was described as maintaining strong capital adequacy, liquidity, asset quality and profitability. At the same time, the IMF noted that continued regional uncertainty could weigh on the outlook and underscored the importance of pressing ahead with fiscal and structural reforms to strengthen fiscal sustainability, economic diversification and competitiveness.

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