The Palestinian Union for Small and Microfinance Institutions held a meeting today at its headquarters with Dr. Ramiz Alakbarov, UN Deputy Special Coordinator for the Middle East Peace Process (UNSCO). The meeting included representatives from member institutions and officials from UNSCO.
Mr. Anwar Al-Jayousi, Chairman of the Union, outlined the role of the microfinance sector in empowering marginalized communities in Palestine, and discussed the challenges it faces under current economic conditions.
Union representatives stressed the importance of supporting this vital sector by strengthening partnerships with international institutions, in a way that expands access to finance for marginalized groups and areas.
For his part, Dr. Alakbarov expressed his appreciation for the role that microfinance institutions play in supporting economic and social development. He affirmed the United Nations’ commitment to enhancing joint cooperation in order to contribute to the stability of the Palestinian economy and to expanding opportunities for inclusive growth and development.
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