The PMA Governor Participates in a Session on "Achieving Development Goals Amid Financial Challenges and Debt Risks"

Organized by the Arab Monetary Fund (AMF) and the Arab Fund for Economic and Social Development,

On Thursday, Mr. Yahya Shunnar, PMA Governor and Palestine's Governor at the Arab Monetary Fund, participated in a high-level session titled "Achieving Development Goals Amid Financial Challenges and Debt Risks," held in the Kuwaiti capital. The session was organized by the Arab Monetary Fund and the Arab Fund for Economic and Social Development, with the participation of the International Monetary Fund and the World Bank.

The session addressed the subject "Achieving Development Goals in the Face of Financial Uncertainty and Debt Risks: Where Are We Heading?" and discussed the major economic challenges facing Arab countries due to growing debt burdens and shrinking fiscal policy margins, amid an increasingly volatile regional and international environment.

In his intervention, Governor Shunnar outlined the challenges facing the Palestinian economy as a result of the ongoing Israeli aggression, which has had profound effects on various vital sectors and the state's ability to address urgent developmental and social needs.

The Governor emphasized the necessity of developing financial policy tools in Arab countries to be more adaptable to crises. This can be achieved through mechanisms that ensure efficient use of resources, expand social protection, and enhance equity in the distribution of opportunities.

In addition to the Governor, the session was attended by the Minister of Finance of Mauritania, the Governor of the Central Bank of Tunisia, and the Minister of Finance of Qatar. The discussion was moderated by Dr. Fahd Al-Turki, Director General and Chairman of the Board of the Arab Monetary Fund.