Consulting Services for the “Deposit Insurance Fund” Project
The Palestine Monetary Authority has recently established the Palestine Deposit Insurance Corporation (PDIC) in order to safeguard small bank depositors, promote a stable and sound banking sector and contribute to sustainable economic development in Palestine. The principal aim of the PDIC is to provide insurance for all deposits and especially for small deposits (up to US$10,000 and covering around 92 percent of depositors) at PMA-licensed banks operating in Palestine in case of bankruptcy or liquidation of the bank.