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2025-01-01

Circular No. 17: Outputs of the First Meeting of the Sustainable Finance Working Group

The Palestine Monetary Authority issued Circular No. 17 to disseminate the outcomes of the inaugural meeting of its newly formed Sustainable Finance Working Group. The circular outlines the group's initial discussions on defining sustainable finance within the Palestinian context, identifying sectoral challenges, and aligning with international frameworks such as CCSAs and NDCs. It further details the proposed roadmap for developing sustainable financial products and establishes a mechanism for ongoing coordination between the regulator and licensed financial institutions.

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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal code: P6160675

PALESTINE MONETARY AUTHORITY

Circular No. (2025/9) Date: 2025/07/17

To: All Licensed Financial Institutions

Subject: Outputs of the First Meeting of the Sustainable Finance Working Group

Reference is made to the Monetary Authority's commitment to supporting the development of the sustainable finance sector in Palestine, in line with the national strategy and international best practices. In this context, the Monetary Authority established a Sustainable Finance Working Group, comprising representatives from licensed financial institutions, to discuss and develop a framework for sustainable finance in the Palestinian market.

This circular conveys the outputs of the first meeting of the Sustainable Finance Working Group, held on [Date], attended by representatives from various licensed financial institutions. The meeting focused on discussing the initial steps towards establishing a sustainable finance framework in Palestine, including:

  1. Defining the concept of sustainable finance and its pillars in the Palestinian context.
  2. Identifying the key challenges facing the development of the sustainable finance sector in Palestine.
  3. Discussing the need to align with international standards and frameworks, such as the Common Classification System for Sustainable Activities (CCSAs) and Nationally Determined Contributions (NDCs).
  4. Proposing a roadmap for developing sustainable finance products and services in the Palestinian market.
  5. Establishing a mechanism for continuous communication and coordination between the Monetary Authority and licensed financial institutions regarding sustainable finance.

The Monetary Authority emphasizes the importance of cooperation and coordination between all stakeholders in the financial sector to achieve the goals of sustainable finance and contribute to achieving sustainable development in Palestine. The Monetary Authority will continue to follow up on the implementation of the outputs of this meeting and will issue further circulars and guidelines in this regard.

For any inquiries or clarifications, please contact the Monetary Authority at: GF-CCR@pma.ps

Director General Palestine Monetary Authority

Circular No. (2025/9) Date: 2025/05/05

  1. The Monetary Authority's commitment to supporting the development of the sustainable finance sector in Palestine.
  2. Establishing the Sustainable Finance Working Group.
  3. The outputs of the first meeting of the Sustainable Finance Working Group.
  4. Aligning with international standards and frameworks.
  5. The roadmap for developing sustainable finance products and services.

Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal code: P6160675

PALESTINE MONETARY AUTHORITY

Circular No. (2025/09) Date: 2025/07/17

To: All Licensed Financial Institutions

Subject: Outputs of the First Meeting of the Sustainable Finance Working Group

Reference is made to the Monetary Authority's commitment to supporting the development of the sustainable finance sector in Palestine, in line with the national strategy and international best practices. In this context, the Monetary Authority established a Sustainable Finance Working Group, comprising representatives from licensed financial institutions, to discuss and develop a framework for sustainable finance in the Palestinian market.

This circular conveys the outputs of the first meeting of the Sustainable Finance Working Group, held on [Date], attended by representatives from various licensed financial institutions. The meeting focused on discussing the initial steps towards establishing a sustainable finance framework in Palestine, including:

  1. Defining the concept of sustainable finance and its pillars in the Palestinian context.
  2. Identifying the key challenges facing the development of the sustainable finance sector in Palestine.
  3. Discussing the need to align with international standards and frameworks, such as the Common Classification System for Sustainable Activities (CCSAs) and Nationally Determined Contributions (NDCs).
  4. Proposing a roadmap for developing sustainable finance products and services in the Palestinian market.
  5. Establishing a mechanism for continuous communication and coordination between the Monetary Authority and licensed financial institutions regarding sustainable finance.

The Monetary Authority emphasizes the importance of cooperation and coordination between all stakeholders in the financial sector to achieve the goals of sustainable finance and contribute to achieving sustainable development in Palestine. The Monetary Authority will continue to follow up on the implementation of the outputs of this meeting and will issue further circulars and guidelines in this regard.

For any inquiries or clarifications, please contact the Monetary Authority at: GF-CCR@pma.ps

Director General Palestine Monetary Authority

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