IMF starts economic visit to Israel, to issue report on March 14
The International Monetary Fund began its annual mission to Israel and will issue a preliminary report on the economy on March 14, the Bank of Israel and Finance Ministry said, Reuters reports.
During the visit, the IMF delegation will meet senior officials from the ministry and central bank, as well as business and union leaders and academics.
The IMF in 2018 projects Israel’s economy will grow 3.4 percent, in line with most other estimates.
The ministry again in 2019 set a budget deficit target of 2.9 percent of GDP, while the Bank of Israel last week held its benchmark interest rate at 0.1 percent for the 32nd straight time. The rate is expected to remain unchanged until at least the fourth quarter of 2018 when a hike is forecast.