The world is interested in investing in green projects made in Israel (Photo: ShutterStock)
It is not every day that the State of Israel receives an expression of confidence from the countries of the world, but when it comes to the Israeli economy, the attitude is apparently different: yesterday the process of issuing green bonds worth 2 billion dollars was completed, as announced by the Office of the Accountant General of the Treasury.
The issuance of the green bond joins Israel to 24 countries in the world that choose to connect investors in the capital market with environmental goals and projects. Hundreds of investors around the world participated in the process - among them institutional investors from Japan, central banks, pension funds and entities that hold securities of the State of Israel
. That the letter was issued following the publication of a comprehensive framework document on the government's environmental goals, and that the step is, according to the Treasury, a "historical milestone".
Minister of Finance: "Thanks to the Accountant General and his employees at the Ministry of Finance for leading the move with professionalism and compassion" (Photo: Reuven Castro)
Professionalism and grace of heaven
"This is an incredible expression of confidence by the investors in the State of Israel and the Israeli economy," commented this morning the
Minister of Finance, Bezalel Smotrich
, "it obliges us to a responsible and growth-oriented policy and the reduction of inflation."
Even before the issuance, the team of the financing division of the treasury met with foreign investors in Europe and the United States, who said that the demands amounted to 12 billion dollars - 6 times the amount issued.
"The State of Israel managed to take a significant step in financing its activities despite the uncertainty prevailing in the capital markets," explained the head of the team, Gil Cohen, Senior Deputy Accountant General and Director of the Finance Division.
Cohen added that the issue supports the government's debt management strategy, and in particular the diversification of funding sources and the expansion of the investor base.
The Minister of Finance concluded and thanked those involved in the work: "I thank the Accountant General and his employees at the Ministry of Finance for leading the move professionally and with tremendous dedication."
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green energy
environmental quality
bonds
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Bezalel Smotrich
Minister of Finance
