Oman: Central Bank Transparency Code Review

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2025 Issue 124

Publication date: June 2025

ISBN: 9798229011303

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Stress testing , Financial sector stability , Macroprudential policy , Financial statements , International reserves , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Bank legislation , Lender of last resort

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Summary

The Central Bank of Oman (CBO) has a strong focus on transparency, building on the Omani Vision 2040. In line with the country’s long-term vision, Vision 2040 (see Box 1), the CBO is committed to enhancing its policies and operations in line with international best practices. The Central Bank Transparency Code (CBT) review – the first one in the GCC region – reflects the commitment of the authorities to strengthening the role of the CBO as a critical public institution, with a transparency framework firmly anchored in the law. This policy has earned the CBO the broad trust of its stakeholders and has paid significant dividends for the CBO in terms of safeguarding its credibility and policy effectiveness.