The Palestine Capital Market Authority held a briefing for financial leasing companies and the management of the Rural Financial Inclusion Project, focusing on opportunities under the Innovation Challenge Fund. The fund supports financial institutions in developing products and distribution channels for rural communities, particularly small farmers. Participants explored how leasing companies could use the fund to develop financing products for agriculture and rural enterprises. The authority emphasized financial leasing as an alternative source of finance for productive and agricultural businesses seeking assets and equipment, and encouraged companies to join development initiatives to diversify their products and reach new customer segments. The Rural Financial Inclusion Project is funded by the European Union, the International Fund for Agricultural Development and the Spanish Agency for International Development Cooperation. It is overseen by a steering committee co-chaired by the ministers of finance and agriculture, with the Palestine Capital Market Authority and Palestine Monetary Authority among its members.
Palestine Capital Market Authority links financial leasing firms with rural finance opportunities
The Palestine Capital Market Authority connected financial leasing companies with opportunities under the Rural Financial Inclusion Project’s Innovation Challenge Fund. The initiative could support new leasing products and distribution channels for agricultural businesses, rural enterprises and small farmers.