The PMA Governor Briefs the Ambassador of Morocco on the Latest Developments in the Financial Crisis and Discusses Areas of Cooperation

His Excellency Mr. Yahya Shunnar, the PMA Governor, met today in Ramallah with His Excellency Mr. Abdel Rahim Meziane, Ambassador of the Kingdom of Morocco to the State of Palestine, in the presence of Deputy Governor Mr. Mohammed Manasrah.

During the meeting, Governor Shunnar reaffirmed the deep-rooted and brotherly relations between Palestine and the Kingdom of Morocco, expressing appreciation for Morocco’s consistent and principled support for the Palestinian cause in regional and international forums.

In addition, the Governor reviewed the efforts undertaken by the PMA to safeguard financial stability and strengthen the resilience of the banking sector amid ongoing economic challenges. He outlined the recent measures implemented by the PMA to address the current financial crises—most notably, the issue of excess ILS accumulation in Palestinian banks—and to mitigate the impact of this crisis on the banking sector’s ability to meet the needs of citizens and various segments of the economy, particularly vital commercial sectors responsible for ensuring the supply of essential needs.

Governor Shunnar emphasized the importance of mobilizing international and Arabian support to support these efforts and help ease the burden on the Palestinian economy.

The meeting also explored ways to strengthen financial and banking cooperation between the two countries, with the aim of supporting economic development in Palestine.

For his part, Ambassador Meziane reaffirmed the Kingdom of Morocco’s unwavering position in support of the legitimate rights of the Palestinian people, under the leadership of His Majesty King Mohammed VI, Chairman of the Al-Quds Committee.

Furthermore, the Ambassador commended the vital role played by the PMA in effectively managing the banking sector and maintaining its stability despite the difficult circumstances facing Palestine. He further expressed his country’s readiness to enhance cooperation and exchange expertise in areas of mutual interest, in a manner that serves the shared interests of the two brotherly countries.