Omani central bank to join government drive for more SME lending
The Central Bank of Oman is pushing the country's banks to lend more to small and medium- sized enterprises (SMEs) to help combat high levels of unemployment.
Hamood Sangour Al-Zadjali, the central bank's executive president, yesterday backed the government's decision to make SMEs a "thrust area" of the country's economic policy, and said the central bank will issue "appropriate regulations" to encourage SME lending "as and when formal communication" is received from the government.
He urged the
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