The Palestine Monetary Authority (PMA) reported that Governor Yahya Shunnar met Luxembourg’s Deputy Prime Minister and Minister of Foreign Affairs, European Affairs and Foreign Trade, Xavier Bettel, to review cooperation under the Financial Inclusion and Digital Transformation Project in Palestine, funded by Luxembourg and the Alliance for Financial Inclusion. The PMA presented the project’s achievements, which focus on improving women’s access to banking services and enabling uptake of services including digital banking solutions, and provided an overview of the Palestinian banking sector. Discussions also covered preparations for a second phase intended to strengthen financial education and expand access to banking services for marginalized areas and communities, with Luxembourg reaffirming ongoing support.
Palestine Monetary Authority 2025-03-11
Palestine Monetary Authority plans second phase of Luxembourg-backed financial inclusion and digital transformation project
The Palestine Monetary Authority and Luxembourg's Deputy Prime Minister, Xavier Bettel, reviewed cooperation under the Financial Inclusion and Digital Transformation Project in Palestine. Funded by Luxembourg and the Alliance for Financial Inclusion, the project aims to enhance women's access to banking and digital services. Discussions covered achievements, the Palestinian banking sector, and plans for a second phase to bolster financial education and expand banking access in marginalized areas, with Luxembourg confirming continued support.