Israel: Staff Report for the 2009 Article IV Consultation

January 27, 2010

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Israel: Staff Report for the 2009 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This staff report discusses Israel’s 2009 Article IV Consultation on economic developments and policies. The economy has been shielded from the global downturn by the absence of prior housing or bank credit booms, high household savings rates, and the fact that investment goods and consumer durables are mostly imported from abroad. Safe-haven factors that have put upward pressure on the currency appear to have eased along with the global financial sector stabilization, and concerns about the excessive strength of the shekel have not entirely been put to rest.

Subject: Asset and liability management, Banking, Budget planning and preparation, Debt reduction, Expenditure, Fiscal policy, Fiscal rules, Public debt, Public financial management (PFM)

Keywords: Article IV Board, Budget planning and preparation, Capital formation, CR, Debt reduction, Exchange rate, Fiscal rules, Global, Govt, Inflation expectation, Interest rate, ISCR, Israel, Macroeconomic development, Rate, Sovereign bond bond issue

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/023
Stock No:

1ISREA2010001
ISBN:

9781451819670
ISSN:

1934-7685

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