/ Wednesday, October 21, 2020 / Categories: PMA, Meetings The Governor of Palestine Monetary Authority Meets the European Union Representative in Palestine Ramallah and Al-Bireh Governorate - October 21, 2020 - His Excellency the Governor of Palestine Monetary Authority, Mr. Azzam Shawwa, met with the Representative of the European Union in Palestine, Mr. Sven Kuehn von Burgsdorff, at the headquarters of Palestine Monetary Authority in Ramallah and Al-Bireh governorate.Mr. Shawwa briefed Mr. Sven Kuehn von Burgsdorff about the latest developments in the Palestinian banking sector and the efforts made by Palestine Monetary Authority to face the effects and repercussions of the current economic crisis resulting from the outbreak of the coronavirus and the failure to receive clearance revenues from the Israeli side.Mr. Shawwa also briefed Mr. Sven Kuehn von Burgsdorff about the most important measures taken by Palestine Monetary Authority to mitigate the impact of this crisis on the affected groups, to encourage banks to direct social responsibility budgets to support efforts to combat the coronavirus pandemic and reduce its spread in Palestine, to provide resources to support the social safety net for the segments affected by the pandemic, and the "Sustainability" Program to provide financing for medium and small and microenterprises that have been economically affected by the coronavirus pandemic, which is currently being implemented through banks and specialized lending institutions.Mr. Sven Kuehn von Burgsdorff praised the development and stability of the Palestinian banking sector, the efforts of Palestine Monetary Authority in achieving financial stability and keeping pace with the latest global banking developments.*** Previous Article Under the Auspices and Participation of His Excellency the Governor of Palestine Monetary Authority: The National Bank Inaugurates Branch in Salfit Governorate Next Article The Governor of Palestine Monetary Authority Receives a Delegation from the Palestinian Businessmen Association - Jerusalem Print 1713