Governor of the Monetary Authority Meets with the Pharmaceutical Suppliers Union to Discuss Financial Challenges and Enhance Banking Cooperation to Support the Health Sector

SadaNews - The Governor of the Monetary Authority, Mr. Yahya Shanar, met with a delegation from the Pharmaceutical Suppliers Union, headed by Ghassan Mostaklem, in the presence of Deputy Governor Mohammad Munasara and several department directors. The meeting addressed enhancing the partnership with the health sector and discussed the challenges facing the pharmaceutical and pharmacy sector amid the current conditions, especially in light of the financial crisis and liquidity crisis affecting the government, and its impact on companies’ ability to import and provide medicines to the market and the Ministry of Health. Governor Shanar confirmed that the Monetary Authority has taken several measures to mitigate the repercussions of the crisis on vital sectors, primarily the health sector, indicating that the recent instructions issued by the Monetary Authority emphasized the need to positively engage with these sectors, including facilitating cash deposits in corporate accounts. Shanar noted that the Monetary Authority attaches special importance to supporting the health sector, as its funding programs, particularly the Sustainability Fund, have contributed to financing several health projects in Palestine, aimed at strengthening the health infrastructure and enabling it to face challenges. For his part, the Union President, Ghassan Mostaklem, emphasized the importance of the Monetary Authority's intervention at this critical stage, amid liquidity shortages and difficulties related to cash deposits, appreciating the efforts of the Monetary Authority and its ongoing cooperation in supporting the stability and sustainability of the health sector, while maintaining the robustness of the banking sector.