Oman emerges as first GCC state to issue integrated sustainable financing framework

Muscat: Moody’s Investors Services today assigned a ‘Very Good’ rating to the Sultanate of Oman’s “integrated framework for sovereign sustainable financing”, which was evaluated within the parameters of the global Sustainability Quality Score (SQS2). Oman emerged as the first GCC state to issue this type of framework.

The Ministry of Finance plays a key role in backing the government’s efforts to achieve the goals of Oman Vision 2040, which cover the targets of zero carbon neutrality (cutting down greenhouse gas emissions) by…