Palestine launches zero interest-rate loan scheme
Monetary authority announces $10m of support for small businesses in Gaza and West Bank
The Palestine Monetary Authority (PMA) announced on June 2 that it had launched an interest-free financing scheme worth $10 million to support small enterprises.
The authority said the scheme aimed to provide funding to businesses from the most disadvantaged areas of the Palestinian territories.
The Bank of Palestine, the Palestine Islamic Bank and the Arab Islamic Bank are among the participating banks.
The loans are valid for up to four years with a grace period of up to 12 months.
PMA governor
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