{
  "title": "Oman: Selected Issues",
  "publication": "IMF Staff Country Reports, January 22, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/01/22/oman-selected-issues-561160",
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  "summary": "This Selected Issues paper reviews the experiences of other emerging markets in developing local capital markets, and describes the challenges faced in the development of such markets. Efforts are ongoing to develop the local currency bond market, supported by IMF technical assistance.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This Selected Issues paper reviews the experiences of other emerging markets in developing local capital markets, and describes the challenges faced in the development of such markets.\n- Efforts are ongoing to develop the local currency bond market, supported by IMF technical assistance.\n- Initiatives are underway to enhance access to the domestic equity market and increase its depth and liquidity.\n- Still underdeveloped debt markets and systemic excess liquidity have driven a hold-to-maturity culture among investors, as several of the preconditions for liquid secondary markets are not met."
    },
    {
      "heading": "Key findings on capital markets development",
      "content": "- Improving the government debt issuance strategy would enhance overall transparency and help increase secondary market liquidity.\n- Establishing a functioning money and local currency bond market remains a critical first step in successful capital markets' development.\n- Several policy tools beyond tax incentives can be employed to support participation in local markets.\n- Increasing the presence of life insurance companies and reducing information asymmetries would help spur demand from a broader set of institutional investors."
    },
    {
      "heading": "Policy recommendations and initiatives",
      "content": "- Continue IMF technical assistance to develop the local currency bond market.\n- Enhance access to the domestic equity market to increase depth and liquidity.\n- Reform government debt issuance strategy to improve transparency and foster secondary market activity.\n- Deploy policy tools (in addition to tax incentives) to encourage participation in local markets.\n- Promote the growth of life insurance companies and reduce information asymmetries to broaden institutional investor demand."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Capital markets, Digitalization, Financial markets, Securities markets, Stock markets, Technology\n- Keywords: Capital markets, capital markets incentives program, Caribbean, development in Oman, Digitalization, employment growth, Global, private sector employment, Securities markets, SME growth, South Asia, Stock markets\n\n---\n\n Content in this bundle\n\n- Oman: Selected Issues; IMF Country Report No. 25/14; December 17, 2024\n  - Oman: Selected Issues; IMF Country Report No. 25/14; December 17, 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Oman: Selected Issues; IMF Country Report No. 25/14; December 17, 2024 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2025/01/22/oman-selected-issues-561160/index.md)",
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    "Published: January 22, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400298752.002",
    "This Selected Issues paper reviews the experiences of other emerging markets in developing local capital markets, and describes the challenges faced in the development of such markets.",
    "Efforts are ongoing to develop the local currency bond market, supported by IMF technical assistance.",
    "Initiatives are underway to enhance access to the domestic equity market and increase its depth and liquidity.",
    "Still underdeveloped debt markets and systemic excess liquidity have driven a hold-to-maturity culture among investors, as several of the preconditions for liquid secondary markets are not met.",
    "Improving the government debt issuance strategy would enhance overall transparency and help increase secondary market liquidity.",
    "Establishing a functioning money and local currency bond market remains a critical first step in successful capital markets' development.",
    "Several policy tools beyond tax incentives can be employed to support participation in local markets.",
    "Increasing the presence of life insurance companies and reducing information asymmetries would help spur demand from a broader set of institutional investors.",
    "Continue IMF technical assistance to develop the local currency bond market.",
    "Enhance access to the domestic equity market to increase depth and liquidity.",
    "Reform government debt issuance strategy to improve transparency and foster secondary market activity.",
    "Deploy policy tools (in addition to tax incentives) to encourage participation in local markets.",
    "Promote the growth of life insurance companies and reduce information asymmetries to broaden institutional investor demand.",
    "Subject: Capital markets, Digitalization, Financial markets, Securities markets, Stock markets, Technology",
    "Keywords: Capital markets, capital markets incentives program, Caribbean, development in Oman, Digitalization, employment growth, Global, private sector employment, Securities markets, SME growth, South Asia, Stock markets",
    "**Oman: Selected Issues; IMF Country Report No. 25/14; December 17, 2024**"
  ],
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      "title": "Oman: Selected Issues; IMF Country Report No. 25/14; December 17, 2024",
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