Oman’s public debt set to fall to 34% of GDP by year end

Oman’s public debt could fall to 34% of GDP by end-2024 on sustained fiscal and external surpluses, according to Standard Chartered  

Moreover, the sultanate’s continued improvements in fiscal performance, deleveraging and commitment to reform could enable the sultanate to regain its investment-grade rating as early as 2024, lender said in a report on Wednesday.

In its Global Focus 2024 report, the bank said policymaking in Oman will “likely focus on pro-growth structural reforms to improve the business environment, attract FDI and…