Oman reduces public debt by about RO 1.1 billion

The Sultanate of Oman has today repaid part of the government loans by about $1.5 billion ahead of their due date. At the same time, the interest rate for some loans was also reduced. This comes through negotiation with lenders, and this resulted in obtaining a lower financing cost than the currently prevailing financing rates, in addition to the continuation of global and regional institutions among the lenders. This confirms the solid financial position of the Sultanate of Oman.