Oman may sell assets, borrow abroad if oil prices drop - c.bank | Reuters

Oman may sell assets, borrow abroad if oil prices drop - c.bank | Reuters:



"Feb 13 (Reuters) - Oman may have to start selling foreign assets or borrow on international markets in coming years if government spending rises during a period of lower oil prices and economic growth, a report in a magazine published by its central bank said.



"The sultanate has to tolerate one of the options in the coming years if there is any prediction of decrease in GDP (gross domestic product) growth rates with an increase in spending," said the article in Al Markazi, a banking and economic publication.



"The first option is to begin to liquidate assets abroad to support domestic spending. The second would be to start a programme of external borrowing next year at the earliest.""



'via Blog this'