Proposal to set up credit bureau in private sector
The Sultanate needs to have a reputable and credible credit bureau to expand the lending businesses to ease loan approval procedures. The proposal made by Tanfeedh Labs suggests that the bureau be run by the private sector should be under the supervision of government entities to enhance trust. The key stake holders, according to the proposal, should include the Central Bank of Oman (CBO), Ministries of Finance, Manpower and Housing, Capital Market Authority (CMA), Royal Oman Police and financial institutions. (Oman observer)
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