Infolive.tv Headlines - Treasury Unveils Economic Bailout Pl

2 views
  • About
  • Export
  • Add to
Amid the global financial crisis, Israels treasury unveiled on Tuesday an 11 billion shekel bailout plan designed to the help the Israeli economy cope with the global meltdown. The plan is to be implemented in four steps, beginning with 6 billion shekels in state guarantee designed to mobilize banking funds, the provision of 5 billion shekels in capital funds to bolster the credit market, the establishment of a system to assist debt repayment and the passing of new legislation to encourage and facilitate foreign investment. 11/25/08 

0 comments