Palestine Monetary Authority chairs the Financial Inclusion Strategies Working Group of the Alliance for Financial Inclusion (AFI)

Palestine monetary Authority (PMA) took the lead on the Financial Inclusion Strategies Working Group of the Alliance for Financial Inclusion (AFI) for the 2022-2023 session. This was during the group’s twentieth meeting which was held in Quito city, Ecuador.   

The Head of the Group, Mr. Mohanad Salous, who is also the Chief of Financial Inclusion Division at the PMA, pointed out that a discussion took place during the meeting that covered several topics related to green finance and the impact of climate change on the financial inclusion, enhancing the financial inclusion for women and in rural areas and the role of digital financial services in enhancing the financial inclusion.  A review of the most recent developments and achievements in the field of implementing the financial inclusion strategies in several countries also took place, most important of which is Ecuador, which hosts this meeting.

Mr. Salous added that the launch of three specialized strategies developed by the Group members was also announced during the meeting. These strategies are related to how to include digital financial services within the financial inclusion strategies and enhancing the financial inclusion in the rural areas. A detailed report was also announced on the status of the financial inclusion strategies in all member countries of the Global Alliance was also announced. These countries are up to 89 countries worldwide and are represented by 101 organizations. The PMA is one of the first organizations to join this Alliance in 2010. Moreover, he pointed out that the number of policies and work papers concerning the financial inclusion that have been developed and published by this Group since it was founded reached to 28.