Washington: The Sultanate of Oman, under the representation of the Central Bank of Oman (CBO) and the Ministry of Finance, is actively engaged in the 2024 annual gatherings of the International Monetary Fund (IMF) and the World Bank Group. These meetings commenced in Washington, DC, and are scheduled to conclude on October 26, 2024.
The discussions at these gatherings focus on the evolution of the global economy, taking into account the initiation of interest rate reductions by the US Federal Reserve, the repercussions of geopolitical tensions stemming from conflicts in the Middle East and Europe, the influence of climate change on economic growth and financing mechanisms, and the unprecedented advancements in artificial intelligence (AI) and machine learning technologies.
This significant occasion serves as a forum for economic stakeholders from across the globe to deliberate on the critical challenges confronting the international community. It offers a space for meaningful dialogues on global economic stability, sustainable development, and the future of financial frameworks.
The Sultanate of Oman's involvement in the annual summits of the IMF and the World Bank Group underscores the nation's dedication to meaningful engagement in global economic discourse.
Furthermore, the Sultanate of Oman's delegation is expected to partake in bilateral discussions with representatives from various nations and leading international organizations, aimed at fostering cooperation, addressing shared concerns, and identifying potential opportunities for collaboration.
