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Representing Israel in the International Financial Institutions

According to the law the Bank of Israel represents the State of Israel in:​

  • The International Monetary Fund (IMF)
  • The Bank for International Settlements (BIS)

The Organization for Economic Cooperation and Development (OECD). In May 2010 the OECD accepted the State of Israel as a full member of the organization. The Bank of Israel has regular relations with the Organization, participates in its various committees, and played an important role in the accession process.

The Bank of Israel's Information and International Relations Unit maintains regular relations with these international financial institutions in various domains: participation in discussions and exchanges of views, voting, hosting of professional delegations, placement of Israeli experts in professional delegations to other countries, providing the institutions with data for their publications, obtaining information from these institutions and circulating it among interested parties in Israel, etc. Israel's active involvement in international financial institutions, via the Bank of Israel, helps to strengthen relations with economic policymakers abroad and reinforce ties between the Israeli economy and other economies.

Since Israel is a member of the IMF, a group of IMF economists visit Israel once a year to compose a comprehensive report on the domestic economy. The report is discussed by the Fund's Executive Board.

The Bank for International Settlements (BIS) holds discussions with the participation of central bank governors from around the world on a bimonthly basis.  These discussions involve preparatory work, including professional working papers.  The Bank of Israel Governor participates in these discussions, and Bank of Israel officials work together with the BIS through contacts maintained by the Unit.

This page was last updated on: 06/05/2024