The International Monetary Fund delegation today submitted its initial summary of the report on Israel’s economy for 2021.

The annual IMF delegation, led by Iva Petrova, submitted its initial summary to the Minister of Finance and the Governor of the Bank of Israel, upon completion of the delegation’s meetings in Israel. The IMF is expected to publish its final report on Israel’s economy for 2021 in the coming months.

 

The Ministry of Finance and the Bank of Israel welcome the publication today, and appreciate the delegation’s intensive work.

 

The report outlines the background conditions of the Israeli economy, and the policy measures taken both through the fiscal policy applied by the Ministry of Finance and the government, and through the monetary policy applied by the Bank of Israel.  In addition, the report outlines the challenges facing the Israeli economy in the near future.

 

Minster of Finance Avigdor Liberman said, “The IMF’s notice is a certificate of recognition of our cautious and responsible conduct of fiscal policy based solely on economic and professional considerations, and indicates the robust and dynamic nature of the Israeli economy compared with other advanced economies.”

 

Bank of Israel Governor Prof. Amir Yaron said, “I thank the people from the IMF for their in-depth and professional work in recent weeks.  The report points to a number of essential policy measures taken by the Bank of Israel and the Ministry of Finance, each with its own tools for dealing with the crisis.  Once it is issued following this summary, we will study the final report in depth, including all of the important recommendations it will make.”

 

Thedocu

ment distributed by the IMF is attached.​