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Oman central bank to issue rules to boost lending to SMEs

Posted on 25 April 2013

Oman’s central bank plans to issue rules to boost lending to small and medium-sized firms, its chief said on Wednesday, in a new move to help bring unemployment down in the sultanate.
Supporting smaller firms is a key part of the government’s economic policy for tackling unemployment in Oman, estimated at more than 24 percent by the International Monetary Fund.But bank lending growth in Oman hit a 22-month low of 10.9 percent in February, central bank data showed………………………………………..Full Article: Source

 
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