Ministry of Economy, World Bank team discuss means of enhancing cooperation

The Omani Ministry of Economy held a formal meeting on Sunday with a visiting delegation from the World Bank Group to explore avenues for enhanced cooperation. The discussions centered on strengthening technical partnerships and identifying new opportunities for collaboration between the Sultanate and the international financial institution.

According to the Ministry of Economy, the dialogue focused on aligning development strategies with global best practices. Both parties reviewed ongoing initiatives and discussed how technical support from the World Bank could further bolster Oman's economic diversification goals, which are central to the nation's long-term development vision.

These meetings are part of a broader effort by the Omani government to engage with international organizations to foster sustainable economic growth. The World Bank delegation provided insights into potential areas for policy reform and capacity building, emphasizing a shared commitment to improving the efficiency and impact of national economic projects. Further discussions are expected to follow as both sides work to finalize the framework for these collaborative efforts.