IMF Staff Country Reports

Israel: Staff Report for the 2006 Article IV Consultation

Publication Date:

January 23, 2007

Electronic Access:

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Summary:

This 2006 Article IV Consultation highlights that strong macroeconomic conditions and sound domestic policies have significantly improved Israel’s growth performance and prospects, notwithstanding political uncertainties and the hostilities in the north during the summer of 2006. Inflation pressures are subdued, and monetary policy has been easing as of late. Financial soundness indicators have been recovering although some weaknesses on bank balance sheets that relate mainly to previous boom–bust cycles remain. For 2007, real GDP growth is forecast about 4½ percent.

Series:

Country Report No. 2007/024

Subject:

Budget planning and preparation Fiscal policy Government debt management Inflation Prices Public debt Public financial management (PFM)