The Palestine Capital Market Authority and the Palestine Monetary Authority organized a meeting of the Entrepreneurship, Small and Medium Enterprises Working Group, with the aim of initiating the implementation of the group’s mandate and contributing to the development of the work plan for the next three years of the Financial Inclusion Strategy.
The meeting began with defining the detailed scope of work and the timeline required to complete the tasks, ensuring that the work plan responds to current challenges resulting from the devastating aggression against our people and their resources, as well as the economic conditions facing Palestine. The discussion also emphasized the importance of grounding the plan in the approved interventions and policies based on the findings of the 2023 National Financial Inclusion Assessment.
The meeting’s agenda included a discussion of the National Strategy for Micro, Small, and Medium Enterprises in Palestine (2025–2029), which was recently approved by the Council of Ministers. The Ministry of National Economy delivered a detailed presentation on the key features, objectives, and pillars of the strategy, while also highlighting the importance of the Working Group’s contribution to developing the strategy’s executive plan based on its main components.
It is worth noting that the National Strategy for Micro, Small, and Medium Enterprises is one of the key programs included within the Financial Inclusion Plan, due to its national importance in enabling and sustaining these enterprises by providing suitable financial products and programs, encouraging formal registration, and enhancing their contribution to the GDP.
It should also be noted that the Entrepreneurship, Small and Medium Enterprises Working Group is one of three technical groups emerging from the National Financial Inclusion Strategy, alongside the Consumer Empowerment Group and the Innovative Financial Products Group. The roles of these groups were recently reactivated as part of efforts to enhance financial inclusion in Palestine, in response to challenges resulting from the ongoing aggression and with the goal of supporting the resilience of the Palestinian people on their land.