Regulatory Alerts2019-01-01
Instructions No. 59 of 2019 Related to Investment in Target Economic Projects
The Palestine Monetary Authority issued Instructions No. 59 of 2019 to authorize licensed banks to invest in Palestinian startups focused on agriculture, industry, alternative energy, IT, and environmental conservation. The regulations mandate prior written approval, impose a maximum ten-year holding period with exit plans, and assign a 50% risk weight to these equity investments for capital adequacy calculations. Banks must submit detailed feasibility and governance documents to demonstrate the investment's contribution to economic growth, job creation, and the knowledge economy.
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