Are banks in Gaza jeopardizing economic sector?
Banks are limiting their facilities in the Gaza Strip, which reflects badly on the already ailing economy.
GAZA CITY, Gaza Strip — Banks operating in the Gaza Strip have been reducing the volume of facilities provided to the private sector in light of the deterioration of the economic situation.
On May 15, the Palestine Monetary Authority (PMA) released data showing that the total loans and facilities provided by banks operating in the Palestinian market to their customers in Gaza dropped by 3.2% in March compared to the same period in 2018.
