The Palestine Monetary Authority (PMA) published an update on a virtual meeting between Governor Yahya Shunnar and an International Monetary Fund (IMF) mission, covering developments in the Palestinian banking sector, current challenges, and efforts to restore banking operations in the Gaza Strip, alongside plans to strengthen sector stability. The discussion with IMF mission head Kerstin Gerling, IMF resident representative Tobias Roy and the IMF technical team, alongside PMA Deputy Governor Mohammed Manasrah and PMA department directors, focused on enhancing PMA-IMF cooperation, particularly through technical assistance aimed at improving the efficiency of the Palestinian banking system and its capacity to address future challenges. Gerling acknowledged progress in maintaining banking system stability and reaffirmed the IMF’s commitment to provide technical assistance and guidance to support implementation of the PMA’s plans in line with international standards.
Palestine Monetary Authority 2025-02-03
Palestine Monetary Authority discusses Gaza banking restoration and expanded technical assistance with International Monetary Fund mission
The Palestine Monetary Authority (PMA) held a virtual meeting with the International Monetary Fund (IMF) to discuss developments in the Palestinian banking sector, including efforts to restore operations in Gaza and enhance stability. The meeting focused on strengthening cooperation through technical assistance to improve banking efficiency and address future challenges. The IMF acknowledged progress and committed to supporting the PMA's plans in line with international standards.