Omani central bank unveils SME measures
Banks operating in Oman will have to lend at least 5% of their credit portfolios to small- and medium-sized enterprises (SMEs) under regulations issued by the central bank last week.
According to the International Monetary Fund (IMF), unemployment in Oman is running at around 24% – a key motivation behind the government making SMEs a ‘thrust area' of its economic policy.
The central bank has now also enacted a series of reforms aimed at easing the flow of credit to the sector. In addition to the
More on Central Banks
Latest issue
Most read
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- Dudley backs floor-based system for setting monetary policy
- Asian Infrastructure Investment Bank – Raising expectations
Back to Top