The Palestine Monetary Authority (PMA) reported that its Governor met a World Bank delegation to discuss areas for mutual cooperation, with the World Bank reaffirming its commitment to continue technical and advisory support to the PMA. The discussion covered the PMA’s work to promote financial stability, develop the electronic payments ecosystem and support financing for projects across sectors. It also included ongoing efforts to strengthen the anti-money laundering and counter-terrorism financing framework through legislative advances and updates to banking regulations, as well as steps to restore banking services in the Gaza Strip to maintain continuity of financial services for citizens and businesses.
Palestine Monetary Authority 2025-02-04
Palestine Monetary Authority and World Bank discuss technical cooperation on payments, AML/CFT and restoring Gaza banking services
The Palestine Monetary Authority (PMA) and a World Bank delegation discussed cooperation, with the World Bank pledging continued technical and advisory support. Key topics included promoting financial stability, enhancing the electronic payments ecosystem, and supporting sectoral financing. Efforts to strengthen anti-money laundering and counter-terrorism financing frameworks and restore banking services in the Gaza Strip were also addressed.