Oman to repay $7.4 billon worth of loans by April

By News Desk on April 1, 2022

Muscat: The Oman’s Ministry of Finance (MoF) announced today that it is expecting to repay loans worth 2.85 billion Omani Rials ($7.4 billion) by the end of April 2022.

The mentioned figure covers repaying RO1.49 billion ($3.874 billion) by the end of this month, “including repayment of a loan worth RO850 million prior to its maturity,” the Ministry said in a post on its twitter account. In addition, another RO1.36 billion ($3.536 billion) in loans will be repaid in April.

According to MoF’s statement, Oman’s public debt has declined to RO19.46 billion ($50.6 billion). This month, the government signed a $4 billion loan agreement to replace “high-cost loans,” the Ministry added.

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