A Memorandum of Understanding and cooperation agreement has been signed between the Palestine Monetary Authority (PMA) and the Central Bank of Morocco. Dr. Jihad Al Wazir, Governor of PMA and Mr. Abd Allatif Aljawahiri, Governor of Bank of Morocco have signed the Memorandum of Understanding on 13/7/2012. The MOU stresses the cooperation between the two parties, sharing knowledge, exchanging experiences and developing the banking and financial sectors on both sides.

That came within the participation of Dr. Al Wazir in the Seventh High-level Euro system Conference with Mediterranean Countries’ Central Banks which was held in Casablanca on 12\7\2012 .The Conference was jointly organized by the Central Bank of Morocco and the European Central Bank (ECB), which hosted the Central Bank of Europe, and Central Banks from the Euro system and from the Southern and Eastern shores of the Mediterranean.

Dr.Jihad Al Wazir headed the third session, which discussed the Macro-prudential Policies and Financial Stability – a View from the EU and Mediterranean Countries. He focused on three issues: the economic and financial developments in Mediterranean countries and the Euro zone, monetary policy implementation and the macro-prudential policies and financial stability.

It's worth to mention that this Memorandum is the third one of' its kind, as PMA has signed previously another two agreements with Central Bank of Jordan, and Central Bank of Egypt during the last four years. They were all signed as part of PMA efforts to enhance the cooperation with regional and international Central Banks to maintain the financial stability of their institutions.