Financial sustainability programme to start in January | Times of Oman

Financial sustainability programme to start in January | Times of Oman

Muscat: The Ministry of Finance stated that the first phase of the “National Programme for Financial Sustainability and Development of the Financial Sector will start in accordance with the royal directives of His Majesty Sultan Haitham bin Tarik from the beginning of next January until the end of the second quarter of the same year.

The Ministry stated to Oman News Agency that the programme aims to study the current situation of the financial sector, diagnose the most important challenges associated with it, prepare for workshops and specialised laboratories to set strategic goals, and propose solutions, initiatives and projects to be implemented.

While the second phase of the programme will start during the period from the beginning of the third quarter of 2023 until the end of the same year, during which work will be done with all relevant governmental and private entities to agree on the implementation plan, time stages and the expected impact of initiatives and projects related to the development of the financial sector.

During the first and second phases, the work of the existing initiatives will be completed, and the initiatives and procedures that are quick to implement and have a direct impact will be completed, while the third