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CBO Board of Governors Convenes its Second Meeting of 20226/19/2022 8:00:00 PMCBO Board of Governors Convenes its Second Meeting of 2022The Board commenced its meeting by welcoming the International Monetary Fund’s Statement in the conclusion of its Mission to Oman. This visit came in the framework of the preparations for 2022 Article IV consultations.<p>​<span style="text-align:justify;">The Central Bank of Oman (CBO) convened its second Board of Governors meeting on Monday, June 20, 2022.</span></p><p style="text-align:justify;">The Board commenced its meeting by welcoming the International Monetary Fund's Statement in the conclusion of its Mission to Oman. This visit came in the framework of the preparations for 2022 Article IV consultations. The Statement commended the substantial efforts exerted by the Omani government to mitigate the impacts of the COVID-19 pandemic and foster recovery, as well as the fiscal measures targeting social support and helping private sector recovery in the pandemic's aftermath. It also lauded the banking system ability to overcome the recent shocks, supported by substantial capital and liquidity buffers and the CBO's continued efforts in strengthening regulatory and supervisory frameworks. The Board of Governors affirmed the importance of moving forward with the efforts to further enhance the financial and economic situation in Oman.<br></p><p style="text-align:justify;">During the meeting, the Board also reviewed CBO's financial position, the status of its reserves and the performance of its foreign investments. The Board also examined the reports on the prospects and challenges facing financial stability, as well as the quarterly report of Oman Credit and Financial Information Centre (Mala'a). The Board was briefed on the financial safety reports of the banks. The Board also discussed a number of requests related to Payment Service Providers (PSPs) licenses. <br></p><p style="text-align:justify;">The meeting also discussed a number of other topics on the agenda, and took the appropriate decisions on the same.<br></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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