Moody's SPO Moody's SPO
Sustainable Finance Framework Sustainable Finance Framework
Oman Sovereign Sukuk Prospectus 2021 Oman Sovereign Sukuk Prospectus 2021
Investor Presentation 2021 Investor Presentation 2021
IMF Article IV Report 2021 IMF Article IV Report 2021
Stipulated by Royal Decree 39/96 the Ministry of Finance is the only institution entitled to borrow on behalf of the Government. Governorates are not permitted to borrow. In 2017, the Government established a debt management office to manage its public debt portfolio. The Debt Management Office’s (“DMO”) main objectives are as follows:• Setting and developing the Government’s public debt policy and securing its financing needs in the short, medium and long term.• Ensuring the Government’s sustainable access to various debt markets at fair prices with prudent risk.• Coordinate and manage the Government Related Entities (GRE) in meeting their financing needs.• Coordinate with the relevant government authorities the relations with the Credit Rating Agencies and the investor community.The DMO may raise loans for the central government for the following purposes:• Finance the current deficits in the central government budget.• Extend credit and guarantees to GREs.• Amortise, redeem and buy back government loans.• Meet the CBO’s need for foreign currency reserves.The DMO’s debt strategy for the medium term focuses on supporting the Government in implementing the State Budget and the medium-term fiscal plan by: (i) efficiently managing the Government’s debt portfolio by ensuring it is well-diversified, sustainable and supportive of Government and private sector needs; (ii) ensuring the Government’s financial requirement and payment obligations are met at the lowest possible cost with a prudent degree of risk over the medium to long term; and (iii) supporting the growth and development of the domestic debt capital market.
2024
2023
2022
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