{
  "title": "Israel: Staff Report for the 2009 Article IV Consultation",
  "publication": "IMF Staff Country Reports, January 27, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572",
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  "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",
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    {
      "heading": "Key findings",
      "content": "- The economy was shielded from the global downturn by:\n  - the absence of prior housing or bank credit booms,\n  - high household savings rates,\n  - the fact that investment goods and consumer durables are mostly imported from abroad.\n- Safe-haven factors that had put upward pressure on the currency appear to have eased along with the global financial sector stabilization.\n- Concerns about the excessive strength of the shekel have not entirely been put to rest."
    },
    {
      "heading": "Context and analytical themes",
      "content": "- 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).\n- 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.\n\n---\n\n Content in this bundle\n\n- Cr1023\n  - Cr1023 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr1023 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 27, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451819670.002",
    "The economy was shielded from the global downturn by:",
    "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.",
    "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.",
    "**Cr1023**"
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