IMF Staff Country Reports

Oman: Central Bank Transparency Code Review

June 10, 2025

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International Monetary Fund. Monetary and Capital Markets Department "Oman: Central Bank Transparency Code Review", IMF Staff Country Reports 2025, 124 (2025), accessed June 13, 2025, https://doi.org/10.5089/9798229011303.002

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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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank legislation, Central Banks, Crime, Financial crises, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial statements, Foreign exchange, International reserves, Lender of last resort, Macroprudential policy, Public financial management (PFM)

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

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