Oman: Central Bank Transparency Code Review

IMF Staff Country Reports, June 10, 2025

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Oman: Central Bank Transparency Code Review

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Bibliographic details

• Published: June 10, 2025
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229011303.002

Overview and purpose

• Focus: Central Bank Transparency Code Review for the Central Bank of Oman (CBO).
• Context: Builds on the Omani Vision 2040.
• Mission activity: The mission informally shared a draft Implementation Roadmap consisting of all findings and recommendations.

Key findings

• The CBO has a strong focus on transparency, building on the Omani Vision 2040.
• The CBO has an internal governance transparency framework.
• The CBO has put in place a comprehensive transparency framework for its core monetary policy mandate.
• Areas identified for further emphasis:
  • Independence
  • Internal accountability
  • Risk management
• Disclosure gap noted: Improving disclosure of the CBO’s official relations would enhance its transparency framework.
• Public engagement: There appears to be broad appetite on the part of the general public for deeper engagement with the CBO.
• Importance of public engagement:
  • Maintain public trust and support for the CBO’s mandate and institutional status.
  • Ensure effectiveness of the CBO’s policies.

Policy recommendations and next steps

• Place more emphasis on independence, internal accountability, and risk management within the CBO’s governance transparency framework.
• Improve disclosure of the CBO’s official relations to enhance overall transparency.
• Deepen public engagement to maintain trust and support, and to bolster policy effectiveness.
• Prepare a detailed Implementation Roadmap to assist authorities in following up on the mission’s findings; a draft Roadmap was informally shared by the mission.

Publication and metadata (key statistics)

• Publication title: Oman: Central Bank Transparency Code Review
• Publication date: June 10, 2025
• Series: Country Report No. 2025/124
• Issue: 124
• Volume: 2025
• Pages: 90
• DOI: https://doi.org/10.5089/9798229011303.002
• Stock No: 1OMNEA2025003
• ISBN: 9798229011303
• ISSN: 1934-7685
• Format noted on page: PDF available

IMF Staff Country Reports — Oman: Central Bank Transparency Code Review

Content in this bundle

• Oman: Central Bank Transparency Code Review; IMF Country Report No. 25/124; April 29, 2025
  • Oman: Central Bank Transparency Code Review; IMF Country Report No. 25/124; April 29, 2025 (Markdown version)
  • Oman: Central Bank Transparency Code Review; IMF Country Report No. 25/124; April 29, 2025 (PDF)