IMF's annual reports have an important bearing on a country's economic rating.
The annual delegation of the International Monetary Fund (IMF) will open its discussions on the state of the Israeli economy tomorrow when it meets with Bank of Israel officials. The delegation is comprised of four economists headed by Peter Doyle, a unit director in the IMF's European Department.
The delegation will hold consultations with Israel's economic leaders in both the private and public sectors and will meet Minister of Finance, Ronnie Bar-On and Governor of the Bank of Israel Stanley Fischer and their senior staff as well as top officials at various government ministries, Manufacturers' Association, Histadrut (General Federation of Labor), leading academics, and others. At the end of the visit the IMF delegation will submit a preliminary report to Bar-On and Fischer. A more detailed annual report will subsequently be written in Washington DC, which will be discussed by the Executive Committee of the IMF - a procedure which takes place for all IMF member countries.
The IMF reports are widely distributed and are read with interest by the world's financial markets. The reports have an important bearing on the rating of the economy surveyed, and are important for the recommendations of investment banks regarding investment in the Israeli economy.
Published by Globes [online], Israel business news - www.globes-online.com - on December 2, 2008
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