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Mon 15 Jun 2020 01:29 PM

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Oman forms committee to tackle economic impact of Covid-19

Committee will look at returning the economy to a position of economic growth, following the impact of the coronavirus pandemic and low oil prices

Oman forms committee to tackle economic impact of Covid-19

Sultan Haitham bin Tarik

Oman has established committee that it says will address the economic impact of the Covid-19 pandemic. 

In a statement issued on Sunday, the committee will be headed by the Minister of Interior and will look at returning the economy to a position of economic growth, following the impact of the coronavirus pandemic and low oil prices.

“In the light of the local and global economic impact of the coronavirus pandemic, His Majesty Sultan Haitham bin Tarik gave his Royal Orders to form a committee emanating from the Supreme Committee tasked with tackling developments resulting from coronavirus pandemic,” the statement from The Private Office said.

“The committee will be chaired by the Minister of Interior and Chairman of the Supreme Committee. It will deal with the economic consequences of the pandemic by devising an appropriate mechanism that ensures a speedy resumption of commercial activities to accelerate economic growth."

It was reported on Friday that Oman has discussed the possibility of financial aid with other Gulf states, according to two officials in the region and a US Government official familiar with the contacts. The topic was one of several discussed at recent high-level political meetings between Gulf officials, two of the people said. The discussions are preliminary and nothing has been decided, including the scope or type of support that could be on the table, they said.

An Omani foreign ministry official said the country is engaged with Gulf neighbours to discuss ways to back up its national programme to mitigate the impacts of the drop in oil prices and the coronavirus outbreak, asking not to be named because the discussions haven’t been made public.

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