Regulatory Alerts2025-01-01
PMA Circular No. 9 of 2025: Establishment of a Sustainable Finance Working Group
The Palestine Monetary Authority issued Circular No. 9 of 2025 to formally establish a Sustainable Finance Working Group. This directive mandates the formation of the group to oversee and advance sustainable finance initiatives within the Palestinian banking sector. The circular outlines the operational framework and responsibilities required to align financial practices with environmental, social, and governance (ESG) standards.
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PALESTINE MONETARY AUTHORITY
Circular No. 9 of 2025 Establishment of a Sustainable Finance Working Group
To: All Banks and Financial Institutions
Subject: Establishment of a Sustainable Finance Working Group
Reference: Circular No. 9 of 2025
Date: 17 April 2025
In accordance with the Palestine Monetary Authority's strategic vision to promote sustainable finance and integrate Environmental, Social, and Governance (ESG) criteria into the financial sector, the Authority hereby establishes a Sustainable Finance Working Group.
This Working Group is tasked with developing guidelines, monitoring implementation, and advising on best practices related to sustainable finance. All banks and financial institutions are required to cooperate with the Working Group and provide necessary data and reports as requested.
For further inquiries, please contact: Email: GF-CCR@pma.ps Date of Issue: 2025/04/24