Regulatory Alerts2024-01-01
Palestine Monetary Authority Circular: Sustainable Finance Roadmap for Banks 2024
The Palestine Monetary Authority issued Circular 2024/7 on December 2, 2024, establishing a comprehensive roadmap for sustainable finance within the banking sector. This directive mandates banks to integrate Environmental, Social, and Governance (ESG) factors into their strategic planning, risk management, and operational frameworks. The regulation aims to align Palestinian financial institutions with international sustainability standards to promote responsible investment and long-term economic resilience.
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