In the video: Benjamin Netanyahu and Bezalel Smotrich present the plan to deal with rising prices in the economy (Walla system!)
A dedicated team to examine the consequences of the collapse of the American bank SVB will be established by the Ministry of Finance, the Bank of Israel, the Securities Authority and the Innovation Authority, it was announced yesterday (Saturday).
This, at the behest of Finance Minister Bezalel Smotrich, and due to the potential impact on Israeli high-tech companies - and as a result on the Israeli economy.
The team, led by the director general of the Ministry of Finance, Shlomi Heizler, will be composed of representatives of the Ministry of Finance, the Bank of Israel, the Securities Authority and the Innovation Authority.
It was further stated that for the purpose of receiving the relevant data and analyzing the possible impact on the Israeli economy, its members are expected to contact the local high-tech companies, as well as the foundations and financial institutions in Israel and the United States.
If necessary, the team will formulate a plan with the aim of providing a response to the Israeli companies.
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The warning of the economic leaders to Smotrich: we live every day the economic damage due to the legal revolution
By his order, a dedicated team will be established to examine the consequences of the collapse of SVB Bank.
Minister of Finance Smotrich (Photo: Roni Kanfo)
"The collapse of the bank is a significant event for both the American economy and the Israeli economy," said Finance Minister Bezalel Smotrich.
"We promised to act so that the Israeli economy would be an island of stability and certainty in the turbulent economic waters of the world, and we will do so. The State of Israel will stand to the right of the local high-tech industry and help it overcome the crisis and continue the momentum of development and action," he added.
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Ministry of Finance
ISA
Innovation Authority
United States
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