Oman’s sustainable finance framework receives ‘Very Good’ rating from Moody’s

Oman’s sustainable finance framework receives ‘Very Good’ rating from Moody’s

Muscat – Moody’s Investors Service has assigned an SQS2 Sustainability Quality Score (Very Good) to the Government of Oman’s sustainable finance framework, which was issued last week. The Ministry of Finance has developed the sustainable finance framework under which it intends to issue green, social, and sustainability bonds, loans, or sukuk for investments in projects […]Muscat – Moody’s Investors Service has assigned an SQS2 Sustainability Quality Score (Very Good) to the Government of Oman’s sustainable finance framework, which was issued last week.

The Ministry of Finance has developed the sustainable finance framework under which it intends to issue green, social, and sustainability bonds, loans, or sukuk for investments in projects that deliver environmental and/or social benefits.

Oman has become the first GCC state to issue the sustainable finance framework, enabling the government to meet its financial needs through sustainable financing methods.

The sovereign sustainable financing framework constitutes an essential instrument in achieving national strategies for all financial, economic, environmental, and social aspects of sustainability. It also aligns with the United Nations Sustainable Development Goals (UN-SDGs), compatible with the international standards and principles of frameworks issued by the International Capital Markets Association (ICMA).

In a report, Moody’s said that the sultanate’s sustainable finance framework demonstrates