Regulatory Alerts2021-01-01
Instructions No. 9 of 2021 Regarding the Extension of the Application of Instructions No. 27 of 2020
The Palestine Monetary Authority issued Instructions No. 9 of 2021 to extend its COVID-19 financial relief framework until December 31, 2021. Licensed banks are required to restructure or reschedule maturing credit obligations for affected borrowers to sustain liquidity and employment, while obtaining prior regulatory approval for concentrated related-party exposures outside Palestine. Institutions must transparently manage these processes, accurately classify long-term financial distress, and maintain adequate loan loss provisions to reflect portfolio quality.
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