«May 2017»

EBRD to invest in West Bank and Gaza

The EBRD Board of Governors has approved the engagement of the EBRD in the West Bank and Gaza for an initial period of five years to support the development of the economy with investments through a trust fund.
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MoU signed between the Palestine Monetary Authority, GIZ and Sanad Fund

With the aim of strengthening consumer protection and financial literacy in Palestine, the Palestine Monetary Authority (PMA), GIZ and the SANAD Fund for MSME’s Technical Assistance Facility agreed on a joint project supporting the PMA’s consumer relations halls today
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PMA Governor Azzam Shawwa Meets French Economic Delegation in Ramallah

Governor of PMA, H.E. Azzam Shawwa, met at PMA headquarters in Ramallah with high level French economic delegation comprised of Ms. Agathe Demarais, Financial Counselor for the Middle East at the French Embassy in Lebanon, and Mr. François Flamand, Economic and Commercial Counselor, and Mr. Nadim Asfour, Commercial Attaché, at the Consulate General of France in Jerusalem. 
Governor Shawwa welcomed the French delegation, praising the French-Palestinian relations, adding that France stands at the forefront of the countries supporting the Palestinian people in all fields.
H.E. Governor Shawwa briefed the guest delegation on the efforts made by the PMA to strengthen the stability, independence, robustness and business soundness of the Palestinian banking system, in compliance with international best supervisory banking practices and standards; most importantly with Basel supervisory banking standards and the recommendations of Financial Action Task Force (FATF) in the area of combating money laundering and terrorist financing. 
The French delegation commended the PMA and the Palestinian banking system for their achievements and the significant advances they have accomplished which helped build the Palestinian national economy.
It is worth mentioning that the PMA dedicates significant attention to the development of Palestinian banking ties with various related regional and international parties to best serve the interests of the Palestinian national economy.

Categories: PMA