Israel: Staff Report for the 2009 Article IV Consultation
IMF Staff Country Reports, January 27, 2010
Source details
- Canonical URL
- Israel: Staff Report for the 2009 Article IV Consultation
Other formats
Bibliographic details
- Published: January 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819670.002
Key findings
- The economy was shielded from the global downturn by:
- the absence of prior housing or bank credit booms,
- high household savings rates,
- the fact that investment goods and consumer durables are mostly imported from abroad.
- Safe-haven factors that had put upward pressure on the currency appear to have eased along with the global financial sector stabilization.
- Concerns about the excessive strength of the shekel have not entirely been put to rest.
Context and analytical themes
- Subject areas covered: Asset and liability management; Banking; Budget planning and preparation; Debt reduction; Expenditure; Fiscal policy; Fiscal rules; Public debt; Public financial management (PFM).
- Keywords cited: 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.