IMF: Palestinian Institutions Ready for State

Bethlehem (Ma’an)

BETHLEHEM (Ma’an) -- Palestinian financial institutions are ready for statehood, an International Monetary Fund report praising Palestinian fiscal reform said Tuesday.

PMA to Offer CDs as Al Wazir Bolsters Bank System

The Palestine Monetary Authority will issue deposit certificates to banks this year to bolster the stability of the $9 billion Palestinian territories’ financial system, Governor Jihad Al Wazir said.

Palestine Monetary Authority Pioneers Payments System from Perago

Source: IBS Journal

Palestine Monetary Authority (PMA) is in the UAT stage of a retail payment processing project, part of a larger payments system venture initiated a few years ago under the guidance of Arab Monetary Fund and World Bank (IBS, October 2009, New interbank system for PMA).

Al Wazir Interview on Palestinian Economy

(Source: Bloomberg)

Palestine Monetary Authority Governor Jihad Al Wazir talks with Bloomberg's Deirdre Bolton about economic growth strategy. Al Wazir also discusses the importance of international investment and the possible impact economic stability may have on Middle East peace process.