Palestine’s Shawwa unveils microfinance initiative

Azzam Shawwa

The Palestine Monetary Authority has launched a new push to support the local microfinance industry, governor Azzam Shawwa said on October 1.

Shawwa told an event launching the initiative that microfinance was a “central pillar of financial and social stability, as well as a key building block in the Palestinian national economy through its development and social role by reaching out to marginalised and disadvantaged groups”.

Microfinance helped to integrate people into the “official financial

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