11 of 2022’ – The State Bank has allowed all Development Financial Institutions (DFIs) to participate in Open Market Operations (OMOs). 11 – Banks, PDs, and DFIs are all eligible to participate in OMOs. However, generally SBP conducts OMOs (Repos and Reverse Repos) of shorter tenors (i.e 7 to 14 days). Development Finance Institutions (DFIs) are government owned financial institutions that indulge in the process of investing in private sector developmental projects to achieve economic growth while remaining financially sound. In Pakistan, DFIs are investment institutions mandated to promote investment opportunities in the country and enhance economic trade between Pakistan and the international world.

Source: Libya Today June 07, 2022 13:26 UTC