Oman: Support to COVID-19 Response (AIIB-000673)

  • Oman
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
The Government of the Sultanate of Oman represented by the Ministry of Finance, Aseel Hassan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 475.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jan 12, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the project disclosure document:

The Project aims to support the Government's effort to meet critical needs in public health and education induced by COVID-19 through the mobilization of private-sector funding.

The proposed partial debt guarantee (PDG) will support, through the Asian Infrastructure Investment Bank (AIIB)'s COVID-19 Crisis Recovery Facility (CRF), the Government of Oman's efforts to contain the spread of the COVID-19 and restore critical education and health systems expenditures undertaken in accordance with the best practices, which are essential for the reopening and normalization of the economy in the post-pandemic era. AIIB will support the Project by providing the PDG to a sovereign term loan facility of up to USD500 million led by an international commercial bank.

AIIB's Environmental and Social Policy (ESP), including the Environmental and Social Standards (ESSs) and the Environmental and Social Exclusion List (ESEL), is applicable to this Project. The Project is categorized as category B due to moderate environmental and social (ES) risks which are localized, reversible, temporary in nature and can be mitigated using standard procedures and precautionary measures as well as good international practice. Activities that require land acquisition with significant resettlement impact or that are likely to cause major environmental impact, if any, which may cause potential upgrading of Project's ES categorization from Category B to category A, are not eligible for financing with AIIB guaranteed loan proceeds.

The due diligence is ongoing. It is expected that an Environmental and Social Management Planning Framework (ESMPF) will be used to mitigate Project's ES risks and impacts. The ESMPF will include a template for site-specific Environmental and Social Management Plans (ESMP) for the proposed sub-activities. The potential environmental risks may include (i) improper disposal of used chemical reagents and other waste from hospital and medical laboratories; (ii) managing proper disposal of e-waste generated from replacing old computer monitors, old laptops and electronic components of the computer servers; and (iii) the capacity of the end-users to use the purchased medical equipment. The potential social risks under the Project may relate to the inability of marginalized and vulnerable social groups to access health and education facilities and services.

The project's environmental and social risks and impacts will be assessed using ESMPF and good international practice. The application of the ESMPF will be further assessed during project due diligence in order to ensure that the prepared ESMPF will be in line with AIIB's ESP. The ESMPF to be used by the Project, both in Arabic and English, will be disclosed on the Client and AIIB's websites in a timely manner and hard copies will be made available in project areas. To ensure that the Project Implementing Unit (PIU) will be able to effectively implement the ESMPF to mitigate or minimize potential ES impacts, the ES due diligence will review the PIU's existing environmental and social management system (ESMS) and their capacity to implement the ESMPF.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Asian Infrastructure Investment Bank

Masato Nakane

Senior Investment Operations Specialist - Social Infrastructure


The Government of the Sultanate of Oman represented by the Ministry of Finance

Aseel Hassan

Head of Debt Management Office, Ministry of Finance



You can submit an information request for project information at:


The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at:

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at:

How it works

How it works