The Palestine Monetary Authority (PMA) reported that its Governor, Yahya Shunnar, participated in the 48th session of the Arab Monetary Fund Governors' Council in Kuwait as part of the joint annual meetings of Arab financial institutions, and held a series of bilateral meetings aimed at strengthening financial and banking cooperation. The Palestinian delegation also presented ongoing work on digital transformation in services and payments. Alongside the PMA Governor, the delegation included Finance Minister Omar Al-Bitar, Prime Minister’s Advisor on Arab Funds Dr. Nasser Qatami and the Ambassador of the State of Palestine to Kuwait Rami Tahboub. Meetings covered cooperation with Kuwait and Algeria, engagement with the Arab Fund for Economic and Social Development on support for small and medium-sized enterprises and possible contributions to PMA-managed financing programmes, discussions with the Kuwaiti Fund for Arab Economic Development on mechanisms to support development projects in Palestine, and talks with the World Bank Group’s Executive Director on financial and technical support for development projects and broader partnerships with international financial institutions.
Palestine Monetary Authority 2025-04-09
Palestine Monetary Authority Governor attends Arab Monetary Fund Governors' Council and holds cooperation talks on banking, payments and development finance
PMA Governor Yahya Shunnar attended the 48th Arab Monetary Fund Governors' Council in Kuwait, engaging in bilateral meetings to enhance financial cooperation. The Palestinian delegation, including Finance Minister Omar Al-Bitar, discussed digital transformation, SME support, and development projects with entities like the Arab Fund for Economic and Social Development, the Kuwaiti Fund for Arab Economic Development, and the World Bank Group.