BZU, Palestinian Monetary Authority agree to enhance Students’ Financial, Banking Capabilities

Birzeit University, represented by its President Dr. Abdul Latif Abu Hijleh, and the Palestinian Monetary Authority (PMA), represented by Governor Mr. Azzam Shawwa, agreed to work jointly on enhancing research on and promoting awareness of the banking and financial sectors in Palestine.

Dr. Abu Hijleh praised the PMA’s efforts in developing the Palestinian banking sector, maintaining its stability, improving its performance and its role in financial and banking awareness, stressing that signing a memorandum of understanding (MoU) with the PMA will contribute to providing students with the opportunity to practically learn about the banking system to improve students’ knowledge of this sector.

In turn, the Honorable Governor stressed that signing the MoU would strengthen partnership with academic and educational institutions, thus contributing to the development of university students’ abilities in the practical and theoretical fields of the financial and banking sector. He pointed out that Birzeit University is one of the leading educational institutions in Palestine, which over the years has been able to provide the Palestinian banking sector with banking and economic expertise.

The MoU aims to promote joint work in scientific research in the fields of economics, business administration, finance, banking, science, and the exchange of library materials, as well as providing training opportunities at the PMA for students and graduates of business, economics, law and public administration. Postgraduates of the Law and Economics Programs in particular will be trained at the PMA.

The MoU aims to exchange expertise between the two parties. Members of the academic staff will be delegated to attend PMA conferences, and PMA staff will teach courses to Birzeit University students. It also aims at organizing activities to empower students and enhance their awareness and financial and banking knowledge. It also aims to implement the objectives of the national strategy for financial coverage in accordance with the plan of action of the specific strategy of the requirements of Palestinian universities.