Financial policy of Oman

This file relates to the financial affairs of Oman. It contains correspondence concerning:

• The Bank of England’s advice to the Sultan of Oman Qaboos Bin Saeed Al Said on its financial affairs, including the visit of the advisor R I Hallows and his meeting and reports to the Sultan
• Discussions on the interests and potential activities of financial institutions in Oman, including the British Bank of the Middle East (BBME), the International Bank for Reconstruction and Development (IBRD) and the Kuwait Fund for Arab Economic Development
• Petroleum Development (Oman) Limited’s (PDO) discussions with Shell over the future of PDO’s programme of assistance to Oman
• The current budget estimates for the Sultanate and the impact of PDO’s negotiations in Tehran for increased payments
• The question of the defence budget for Oman and the size and cost of the Sultan’s Armed Forces
• Decrees from the Government of Oman and the Sultan on commodity prices and the profit from the rent of estates and their impact