Israel: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel

International Monetary Fund

No 2009/057, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; central bank; interest rate; resident Representative; consultation cycle; break-even inflation; IIP structure; Israeli economy; budget deficit; Inflation; Credit; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 73
Date: 2009-02-17
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