## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572/bundle-manifest.json)

## 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.

---

## Content in this bundle

- **Cr1023**
  - [Cr1023 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr1023.pdf.md){rel="alternate" type="text/markdown"}
  - [Cr1023 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr1023.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2009-article-iv-consultation-23572_