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OmanObserver_30-06-13

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SUNDAY, JUNE <strong>30</strong>, 20<strong>13</strong><br />

Expert panel discusses strategy<br />

for agriculture development<br />

Visual presentation explains objectives of the strategy<br />

MUSCAT — As part of efforts by the<br />

Ministry of Agriculture to prepare a<br />

sustainable development strategy<br />

for the agricultural sector till 2040,<br />

the national team tasked with the<br />

project yesterday held its irst meeting<br />

under the chairmanship of Dr<br />

Khalid bin Mansour al Zedjali, Director-General<br />

of Planning and Development,<br />

with the participation of<br />

experts and specialists at the Ministry<br />

of Agriculture and Fisheries.<br />

At the beginning of the meeting<br />

Al Zedjali explained that this was a<br />

preparatory meeting to agree on a<br />

roadmap to prepare a comprehensive<br />

sustainable strategy for the development<br />

of the agricultural sector.<br />

This task involves all the governmental<br />

agencies that are linked to<br />

the agricultural sector.<br />

The national team is supported<br />

in its mission by experts from the<br />

UN Food and Agriculture Organisa-<br />

SMEs workshop to examine<br />

implementation of decisions<br />

MUSCAT — The Public Authority for Small and Medium Enterprises Development<br />

(PASMED) will organise on Tuesday at the Grand Hyatt Muscat a<br />

workshop related to following up of implementation of decisions made at the<br />

Small and Medium Enterprises Development Symposium, which was held<br />

last January at Saih Al Shamikhat in the Wilayat of Bahla.<br />

The workshop will be held under the auspices of Dr Ali bin Masoud al Sunaidy,<br />

Minister of Commerce and Industry, Chairman of PASMED's Board in<br />

the presence of ministers and under-secretaries from the agencies concerned<br />

with implementing the decisions.<br />

During the workshop, visual presentations will be delivered by the governmental<br />

agencies concerned with implementing the decisions of the symposium.<br />

The door will then be opened for discussion and raising questions to<br />

those agencies in relation to implementation of the decisions of the symposium.<br />

— ONA<br />

tion (FAO) as the ministry signed an<br />

agreement in March this year with<br />

FAO for the preparation of the strategy.<br />

During the meeting, Al Zedjali<br />

presented a visual display and explained<br />

that main objective of the<br />

strategy is to serve as a referral<br />

framework for developing the agricultural<br />

sector and it shows how the<br />

sector will be like in the future.<br />

Al Zedjali said the ministry has<br />

inalised a similar strategy for the<br />

development of the isheries sector<br />

till the year 2020 which was<br />

approved the Council of Ministers.<br />

He also spoke about the futuristic<br />

vision in the agricultural sector in<br />

terms of programmes and projects<br />

and the importance of long-term<br />

planning by preparing an applicable<br />

investment programme concordant<br />

with the local, regional and international<br />

trends.<br />

CBO certiicates of<br />

deposit tender results<br />

MUSCAT — Certiicates of deposit<br />

tender was held at the<br />

Central Bank of Oman (CBO)<br />

this week.<br />

The total amount allotted for<br />

issue No 823 was RO 426 million.<br />

A bulletin issued by the CBO<br />

stated that the average interest<br />

rate of these certiicates was<br />

0.<strong>13</strong> per cent while the maximum<br />

accepted interest rate<br />

was 0.<strong>13</strong> per cent.<br />

The tenure of these certii-<br />

cates is 28 days, so their maturity<br />

date is on July 24.<br />

The certiicates of deposit<br />

issued to licensed banks by the<br />

CBO as a monetary policy instrument<br />

aimed at absorbing<br />

excess liquidity in the banking<br />

sector in particular and maintaining<br />

stability of the interest<br />

rate and the money market in<br />

general.<br />

The Repo rate during June<br />

26-July 2 is 1 per cent. — ONA<br />

OMAN<br />

3

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