Regulatory Alerts2025-01-01
UNRWA Humanitarian Loans to Staff in Gaza Sector
The UNRWA Field Finance Office issued a directive to the Palestinian Monetary Authority to facilitate humanitarian loans of up to $4,000 from staff savings for employees with at least five years of service. The directive mandates that these loans, repayable over a maximum of six years, be disbursed directly into Palestinian bank accounts via payroll deductions starting in October 2025. It further instructs banks to ensure these funds are not withheld, frozen, or offset against any existing banking liabilities to preserve their humanitarian purpose.
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