Workshop on US Export-Import Bank

An introductory seminar was held in Muscat on activating the Memorandum of Understanding (MoU) between Oman and the Export–Import Bank of the United States (EXIM).

The workshop discussed financing tools, guarantees and assurances provided by the Bank, as well as the benefits and advantages made available via the MoU. The workshop also touched on the experience of some countries and companies that benefited from the US Bank's services.

The workshop held under the auspices of Tahir Salim Al Amri, Executive President of the Central Bank of Oman (CBO), was organised by the Foreign Ministry in cooperation with the Ministry of Finance, the Central Bank of Oman and EXIM.

The workshop included papers presented online by EXIM officials, about the financing programmes offered by the bank to exporters, their advantages and the conditions for obtaining them.

The workshop follows up on the Memorandum of Understanding signed in February between the Sultanate of Oman, represented by the Ministry of Finance, and EXIM Bank. The MoU aims to enhance economic cooperation between Oman and the United States of America through finance for trade in goods and services.

Aseel Mohammed Ridha Al Lawati, Director General of the Public Debt Unit at the Ministry of Finance, said that the MoU grants companies operating in government projects the right to benefit from the services of  the Export–Import Bank to the value  of $500 million.

The seminar was attended representatives of government agencies and relevant private institutions, in addition to a number of Omani and foreign business executives.

This is an unofficial English version of an Arabic report. To view the official Arabic text, click here.