Israel formulates national plan to return economy to full activity

0 Comment(s)Print E-mail Xinhua, January 18, 2021
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JERUSALEM, Jan. 18 (Xinhua) -- The Israeli Ministry of Finance on Monday announced that it has begun formulating a national plan to return the Israeli economy to full activity and growth after the ongoing lockdown and towards the exit from the coronavirus crisis.

The full lockdown, due to which most businesses in Israel are closed, is expected to partially finish by the end of the month.

The program consists of four parts, which are economic support, labor market, credit, and growth engines.

Economic support will include examination, calibration, and adjustment of assistance towards returning to routine.

The labor market part will deal with employment, training, and return-to-work incentives.

The credit part will focus on available credit, along with the removal of investment barriers, to support businesses return to activity.

The growth engines part will include forming a package of growth laws, accelerating infrastructure, and reducing regulation to support growth and businesses.

Israeli Finance Minister Israel Katz said that "we are at a crucial stage in the economic struggle against the pandemic and we must all join forces to help the business sector and the whole economy emerge from the crisis, and return to full activity and growth." Enditem

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