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Jericho to host international banking conference

Nov. 14, 2012 2:44 A.M. (Updated: Nov. 14, 2012 2:44 A.M.)
BETHLEHEM (Ma'an) -- The Palestinian Monetary Authority will host an international banking conference on Nov. 26 to enhance small and medium-sized business in the West Bank.

The conference, "Empowering Small and Medium Enterprises in Palestine," will be held in Jericho and is organized by the PMA, International Finance Corporation and the Association of Banks in Palestine.

Local and international experts will analyze small and medium enterprises and their future prospects, the PMA said in a statement.

The PMA hopes the conference will raise awareness of the sector and promote dialogue between local enterprises and the public sector.

The conference preparatory committee is working to promote the exchange of ideas and experiences to enhance the capacity of local enterprises "by overcoming obstacles to access credit and by creating broader opportunities for these enterprises to obtain the required funding for pilot projects," committee chairman Ali Faroun said.

This will "reflect positively on sustainable development and the improvement of the economic status, as the sector is a safety net for the national economy," Faroun added.
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