IMF delegation in Israel to learn how Israel successfully coped with the crisis

The mission consists of four economists, with Peter Doyle, Division Chief in the European Department in the IMF, as mission chief
 
The annual IMF mission started last week its series of talks in Israel with a meeting with the Governor Prof. Stanley Fischer and management of the Bank of Israel.
 
The mission consists of four economists, with Peter Doyle, Division Chief in the European Department in the IMF, as mission chief.
 
The delegation met Minister of Finance Yuval Steinitz who noted that "Israel is in the process of economic recovery but it is still a long way back to significant growth. Therefore, the major thinking is about budgetary restraint and operating on the lines of a reduced deficit." He added, "The IMF delegation stressedthat this year they have not only come to teach us but also learn from us, to learn how Israel has successfully coped with the crisis”.
 
At the end of its visit, on 14 December, the mission will present its preliminary report to the Governor of the Bank of Israel and the Minister of Finance. The detailed annual report will then be compiled in Washington, and presented to the IMF Executive Board, the procedure applicable to all member countries.
 
The IMF reports have wide distribution and engender great interest in money markets around the world, and they affect the credit rating of the economies reviewed and the recommendations of the investment banks regarding investing in Israel.