Palestine’s National Financial Inclusion Committee, co-chaired by the Palestine Monetary Authority (PMA) and the Capital Market Authority, approved the 2026–2028 action plan for the National Financial Inclusion Strategy after reviewing recent financial inclusion achievements. The committee recommended submitting a proposal to the Council of Ministers to add the Ministry of Labor to the committee to strengthen cross-government coordination and expand access to financial services. The action plan is framed around developing financial services and products for small enterprises and marginalized groups, expanding the use of financial technology and improving digital infrastructure, and strengthening the legislative environment, financial literacy and consumer protection. The PMA highlighted ongoing work on digital financial infrastructure, innovation, and electronic payments, including initiatives linked to implementation of the Reduction Use of Cash Law; the Capital Market Authority referenced measures such as incentive discounts for e-payment of insurance premiums and development of agricultural insurance and microinsurance products, alongside awareness campaigns for users of non-banking financial services. Next steps include submitting the proposed committee membership change to the Council of Ministers.
Palestine Monetary Authority 2026-04-08
Palestine Monetary Authority-led National Financial Inclusion Committee approves 2026–2028 action plan and proposes adding the Ministry of Labor
The Palestine Monetary Authority and the Capital Market Authority, through the National Financial Inclusion Committee, approved the 2026–2028 action plan for the National Financial Inclusion Strategy, focused on small enterprises, marginalized groups, financial technology, digital infrastructure, and the legislative and consumer protection framework. The committee will propose adding the Ministry of Labor to strengthen coordination, while ongoing initiatives include digital financial infrastructure and e-payments linked to the Reduction Use of Cash Law, incentives for electronic payment of insurance premiums, and development of agricultural insurance and microinsurance.