IMF sees no credit crunch in Oman, advises speedy implementation of VAT, fiscal reforms

DUBAI: Oman is not facing a credit crunch but the Gulf Arab oil producer should speed up implementation of fiscal reforms like the introduction of a value-added tax (VAT), an IMF official said. In December, rating agency Fitch downgraded Oman — among the hardest hit in the region by the drop in oil prices — […]