«May 2017»

EBRD to invest in West Bank and Gaza

The EBRD Board of Governors has approved the engagement of the EBRD in the West Bank and Gaza for an initial period of five years to support the development of the economy with investments through a trust fund.
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MoU signed between the Palestine Monetary Authority, GIZ and Sanad Fund

With the aim of strengthening consumer protection and financial literacy in Palestine, the Palestine Monetary Authority (PMA), GIZ and the SANAD Fund for MSME’s Technical Assistance Facility agreed on a joint project supporting the PMA’s consumer relations halls today
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PMA Signs Cooperation Agreement with Palestine Deposit Insurance Corporation

At PMA headquarters today, H.E. Governor Azzam Shawwa signed a cooperation agreement with the Palestine Deposit Insurance Corporation (PDIC), which was represented by PDIC Director General, Mr. Zaher Al Hmouz. This agreement aims to enable the corporation to invest in government bonds, through the PMA. The agreement is a culmination of the ceaseless cooperation between the PMA and the PDIC, intended to promote and support banking stability in Palestine. The agreement states that the PMA will offer PDIC financial services, in its capacity as financial agent for financial institutions operating in Palestine. This enables the PDIC to invest in bonds through the PMA, in accordance with the corporation’s investment plan which aims at investing in low-risk government bonds. This investment is undertaken to reinforce reserves allocated to insure customer deposits held with licensed banks operating in Palestine.

Categories: PMA, Memorandum