The Palestine Monetary Authority reported that Governor Yahya Shunnar participated in a high-level session in Kuwait on achieving development goals amid financial uncertainty and debt risks, organised by the Arab Monetary Fund and the Arab Fund for Economic and Social Development with participation from the International Monetary Fund and the World Bank. Shunnar highlighted the challenges facing the Palestinian economy due to the ongoing Israeli aggression and its impact on vital sectors and the state’s ability to meet urgent developmental and social needs. The session focused on growing debt burdens and shrinking fiscal policy room across Arab countries in a volatile regional and international environment. Shunnar called for financial policy tools in Arab countries to be made more adaptable to crises, including mechanisms to improve the efficiency of resource use, expand social protection, and strengthen equity in the distribution of opportunities.
Palestine Monetary Authority 2025-04-10
Palestine Monetary Authority governor urges more crisis-adaptable financial policy tools at Arab Monetary Fund session on debt risks
Governor Yahya Shunnar of the Palestine Monetary Authority attended a high-level session in Kuwait on development goals amid financial uncertainty and debt risks. Organized by the Arab Monetary Fund and the Arab Fund for Economic and Social Development, with the International Monetary Fund and the World Bank, the session highlighted challenges like growing debt burdens and limited fiscal policy space in Arab countries. Shunnar emphasized the need for adaptable financial policy tools to enhance resource efficiency, expand social protection, and ensure equitable opportunity distribution.