Regulatory Alerts2026-01-01
Decision No. 133 of 2011 on the Regulations for Supplies, Services, and Works at the Palestinian Monetary Authority
The Palestinian Monetary Authority issued Decision No. 133 of 2011 to establish a comprehensive regulatory framework governing the procurement of supplies, services, and works across all its departments. The regulation mandates transparent, competitive purchasing processes governed by the General Services Department and the Procurement Committee, enforcing strict financial linkages, prequalification of contractors, and standardized evaluation criteria to ensure best value for money. It further delineates specific procedures for justified, emergency, and technological procurements while defining clear authority ceilings, guarantee requirements, and dispute resolution mechanisms to streamline operational efficiency.
Share