Israel: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel.
February 17, 2009
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The staff report for the 2008 Article IV Consultation of Israel on economic developments and policies is examined. Fiscal and monetary credentials have been established in markets. Banks and their supervisory arrangements have been robust, and growth has been strong, sustained, and balanced. Although public debt is much reduced, to about 80 percent of GDP, it remains vulnerable. Although domestic securities prices tracked those abroad downward, prompting outflows from provident funds, flows in domestic credit markets remained largely undisturbed.
Subject: Banking, Budget planning and preparation, Corporate bonds, Credit, Fiscal policy, Inflation, Money, Prices, Public debt, Public financial management (PFM)
Keywords: break-even inflation, budget deficit, Budget planning and preparation, central bank, consultation cycle, CR, Credit, Global, IIP structure, Inflation, interest rate, ISCR, Israeli economy, resident Representative
Pages:
73
Volume:
2009
DOI:
Issue:
057
Series:
Country Report No. 2009/057
Stock No:
1ISREA2009001
ISBN:
9781451819663
ISSN:
1934-7685
