DUBAI: Oman’s government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in the future, the oil exporter’s central bank said yesterday.
“By re-establishing Oman’s presence in the international bond market, a sovereign issue could pave the way for regular deficit financing through bond issues in future, if need be,” it said in its first ever financial stability report.
The International Monetary Fund presented a bleak outlook for Oman’s public finances last month, predicting the budget could slip into a deficit of 3.8 percent of GDP as soon as 2015, with the gap widening to as much as 13.3 percent in 2018.
Reuters
