His Excellency Mr. Yahya Al-Shunnar, Governor of the Palestine Monetary Authority (PMA), met today, Monday, 03 February 2025, at the PMA headquarters, with a delegation from the Palestinian Insurance Federation. The delegation was led by Mr. Hamza Shrouf, Chairman of the Federation, and included several board members. The meeting was attended by Deputy Governor Mr. Mohammad Manasrah and a number of department directors.
His Excellency the Governor welcomed the delegation and expressed his appreciation for the efforts of the Palestinian Insurance Federation in developing the insurance industry in Palestine, raising public awareness of insurance, and improving the quality of services provided to all segments of society. He also praised the insurance sector for its resilience in the face of financial challenges and difficult circumstances, affirming the sector’s key role—under the supervision of the Capital Market Authority—in advancing financial development and contributing to national economic stability.
During the meeting, the Governor outlined the ongoing efforts of the PMA to strengthen the banking sector and ensure financial stability. He highlighted the continuous endeavors of the PMA and the banking sector to restore financial and banking services to citizens and support the private sector in Gaza, aiming to achieve sustainable financial stability and stimulate economic development amid current challenges.
In turn, the Federation’s delegation congratulated His Excellency Mr. Al-Shunnar on his appointment as Governor of the PMA. They commended the PMA’s role in advancing financial and banking services—particularly in the area of electronic payment systems—which significantly support the insurance sector and facilitate financial operations.