Regulatory Alerts2025-04-17
Added · Updated
PMA Circular No. 9 of 2025: Establishment of a Sustainable Finance Working Group
The Palestine Monetary Authority establishes a Sustainable Finance Working Group to coordinate efforts and develop frameworks for sustainable finance practices. Financial institutions are required to appoint one qualified representative and submit their contact details to GF-CCR@pma.ps by April 24, 2025. The group will focus on harmonizing concepts, creating unified standards, and reviewing guidelines related to ESG principles and climate risk management.
Palestine Monetary Authority
Circular No. (9 / 2025) To all specialized lending institutions operating in Palestine Date: Thursday, April 17, 2025
Subject: Establishment of a Sustainable Finance Working Group
In line with the Palestine Monetary Authority's commitment to supporting sustainable finance initiatives and enhancing sustainability in the financial sector by integrating Environmental, Social, and Governance (ESG) principles into investment and financing strategies and decisions, and in follow-up to the Sustainable Finance Roadmap issued by the Authority, we look forward to establishing the "Sustainable Finance Working Group" to provide a consultative and coordinating platform for stakeholders in the financial sector in this field.
The Group will undertake multiple tasks, most notably achieving integration among efforts and unifying general concepts related to sustainable finance, finding a common and unified framework for practices and standards in this field, and reviewing and submitting proposals and recommendations regarding frameworks and guidelines to be issued in the field of sustainable finance, such as sustainable finance principles, principles for effective management of financial risks associated with climate, guidelines for the development and design of sustainable financial products and services, and others.
Accordingly, we hope that you will appoint one member with expertise and specialization, and provide us with their contact information by no later than 2025/04/24 via the following email address: GF-CCR@pma.ps.
Supervision Group Palestine Monetary Authority
www.pma.ps Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps | Postal code: P6160675