Monetary Authority Discusses Cooperation with Bolivia Central Bank

RAMALLAH, April 7, 2013 (WAFA) – The Palestine Monetary Authority discussed the possibilities of cooperation and exchange of experiences with the Central Bank of Bolivia, said a PMA press release on Sunday.

The first Palestinian economic delegation headed by Jihad al-Wazir, Governor of PMA, visited Bolivia during the period of April 1-3, 2013 and discussed cooperation and exchange of experience in the fields of economic, banking services, and finance, as well as encouraging investment in Palestine.

According to the press release, the visit aimed to “promote relations between the two countries, and explore technical assistance cooperation between the Central Bank of Bolivia and the PMA.”

A workshop was held within the context of the (South –South) exchange program, in cooperation with the World Bank, in order to develop cooperation and exchange ideas and experiences between the Central Bank of Bolivia and PMA, said the release.

During the workshop, al-Wazir discussed PMA’s achievements despite of the Israeli occupation and gave a lecture at the Central Bank of Bolivia about the role of PMA in banking supervision in Palestine, and the services it provides in line with international standards.

The two parties discussed the possibilities of offering Palestinian technical experience in the aforementioned systems to the Central Bank of Bolivia, explored potential opportunities for cooperation and discussed mutual economic issues.

The delegation met the Bolivian President, Evo Morales, who expressed “endless support to the Palestinian cause and the Palestinian rights of freedom and independence.”

The delegation also met with senior Bolivian officials and figures.

Source: WAFA News