Ramallah, December 3 – A productive meeting took place between the Italian Agency for Development Cooperation (AICS) Jerusalem and the Palestinian Monetary Authority (PMA) in Ramallah, featuring key representatives from both sides. AICS Jerusalem was represented by Director Mirko Tricoli, Mohammad Musleh, and Giuseppe Marano from the Economic Development Sector, while the PMA was represented by Deputy Governor Mr. Mohammed Manasrah and Mr. Sameh Sawafta, Chief of the PSPs Supervision Division.
The discussion focused on the ongoing activities of the PMA, funded by AICS through the FIN-PAL program. These initiatives aim to strengthen the Palestinian financial system by supporting the National Strategy for Financial Inclusion, enhancing the PMA’s capacity to monitor Microfinance Institutions, and laying the groundwork for the establishment of specialized banks.
Mr. Manasrah provided valuable insights into the challenges facing Palestine’s financial sector, which have been exacerbated by a combination of political and economic factors. He outlined the measures the PMA is taking to address these challenges and ensure the stability of the sector. The PMA expressed deep appreciation for AICS’s continuous support, highlighting the positive impact of the soft loans and technical assistance provided to enhance the resilience of the Palestinian financial system.
Looking ahead, the discussion emphasized the critical need for financial recovery and reconstruction efforts in the aftermath of the ongoing conflict. The meeting underscored the commitment to strengthening Palestine’s financial infrastructure, ensuring it is resilient enough to overcome future challenges and contribute to long-term stability.
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