The Palestine Monetary Authority (PMA) reported that Governor Yahya Shunnar held meetings in Kuwait with the International Monetary Fund (IMF) and, separately, the Arab Monetary Fund (AMF) to explore ways to deepen cooperation and technical support for the Palestinian economy and banking sector amid current challenges. Discussions with IMF Middle East and Central Asia Department Director Jihad Azour covered recent economic and financial developments, the importance of continued international support to maintain financial stability and promote economic growth, and the IMF’s role in technical assistance and capacity building. Governor Shunnar reaffirmed the PMA and the Palestinian financial sector’s commitment to international best practices in supervision and governance, while the IMF reiterated its readiness to provide advisory and technical support. In the AMF meeting with Director General and Board Chairman Fahd Al-Turki, the PMA presented an overview of banking sector conditions and sought expanded cooperation on digital transformation and financial inclusion, alongside engagement on Palestine’s contribution to the Fund’s capital, implementation plans for the economic reform programme, and collaboration on training and exchange of technical expertise.
Palestine Monetary Authority 2025-04-10
Palestine Monetary Authority discusses strengthening cooperation with the IMF and Arab Monetary Fund
PMA Governor Yahya Shunnar met with the IMF and AMF in Kuwait to enhance cooperation and support for the Palestinian economy and banking sector. Discussions with the IMF focused on financial stability, economic growth, and technical assistance, while the AMF meeting addressed digital transformation, financial inclusion, and economic reform. Both meetings underscored the PMA's commitment to international best practices and the readiness of the IMF and AMF to support these initiatives.