The International Monetary Fund (IMF) has issued and published a voluntary assessment of the Central Bank of Oman (CBO) against the IMF’s central bank transparency best practices, concluding that the CBO places strong emphasis on transparency. The review covered governance and the transparency of policies, operations, outcomes and official relations. Key findings highlighted a strong internal governance framework and sound legal underpinnings, as well as transparent monetary policy communication supported by cooperation with domestic financial institutions and regular publications. The IMF also noted work to strengthen transparency around financial stability management, including enhancements to Emergency Liquidity Response (ELA) and macro-financial stability tools, and cited efforts to make key policy decisions accessible through the CBO’s website and social media. CBO’s work to strengthen its AML/CFT framework was commended, alongside encouragement to further enhance transparency in related supervisory and oversight practices. CBO indicated it has taken the IMF recommendations into account and will develop a plan to implement the report’s findings as part of its ongoing modernization of legal and regulatory frameworks.
Central Bank of Oman 2025-06-11
International Monetary Fund transparency review commends Central Bank of Oman governance and disclosure practices
The International Monetary Fund (IMF) conducted a voluntary assessment of the Central Bank of Oman (CBO), highlighting its strong emphasis on transparency and robust internal governance. The review praised CBO's transparent monetary policy communication and efforts to enhance financial stability management and AML/CFT frameworks. CBO plans to implement the IMF's recommendations as part of its ongoing modernization efforts.