IMF Staff Country Reports

Oman: Central Bank Transparency Code Review

June 10, 2025

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Oman: Central Bank Transparency Code Review", IMF Staff Country Reports 2025, 124 (2025), accessed September 3, 2025, https://doi.org/10.5089/9798229011303.002

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Summary

This paper on Oman focuses on Central Bank Transparency Code Review. The Central Bank of Oman (CBO) has a strong focus on transparency, building on the Omani Vision 2040. The CBO has an internal governance transparency framework; going forward, more emphasis could be placed on independence, internal accountability, and risk management. The CBO has put in place a comprehensive transparency framework for its core monetary policy mandate. Improving disclosure of the CBO’s official relations would enhance its transparency framework. There appears to be broad appetite on the part of the general public for deeper engagement with the CBO. This is important for the CBO to maintain the public trust and support for its mandate and institutional status, and to ensure effectiveness of its policies. A detailed Implementation Roadmap would be helpful to assist the authorities in following up on the mission’s findings. The mission informally shared a draft Roadmap consisting of all findings and recommendations.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank legislation, Central bank transparency, Central banks, Crime, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank legislation, Central bank transparency, Code review, East Africa, Financial sector stability, Global, IMF central bank Transparency code, IMF mission, Middle East, North Africa, Policy communication transparency, Transparency of consumer protection

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