Former Bank of England Governor Frenkel heads up Lieberman’s new advisory team

In addition to his attempt to prevent the Bank of Israel from participating in the Financial Institutions Regulatory Examination Committee, Finance Minister Avigdor Lieberman continues his aggressive streak by bypassing the Central Bank to form an economic cabinet headed by former Bank of Israel Governor Yaakov Frenkel. This move seems especially questionable given the fact that the finance minister has on his desk the economic plan of the Bank of Israel – one of the central bank’s official functions is to act as an economic advisor to the government. Related Bank of Israel challenges Lieberman over tax hike According to the Finance Ministry’s announcement, the expert committee held its first meeting a few days ago, with Lieberman’s participation. “The team was formed to examine the steps we are taking from a broad and long-term perspective,” Lieberman said at the beginning of the meeting. “The team will analyze economic policy and study the broader and deeper ramifications of the proposed policy measures. At this time, we are being held under a magnifying glass by international markets and bodies. Everyone is looking at the Israeli economy, especially after such a long period without a government budget. Passing the budget allows for a focus The spotlight is on the policy of the Israeli economy, where we implement the reforms included in the budget.The team will be an external body that will strengthen the professionals and the analytical and operational base on which the various decisions are based.The key to success is achieving sustainable growth while maintaining financial stability and increasing productivity in various parts of the economy.In addition To Frenkel, members of the advisory panel are former Budgets Commissioner David Boaz Hal Udi Barzilai, CPA, former Deputy Commissioner of Property Taxes Eli Yunus, former General Accountant, CEO of Bank Hapoalim, CEO of Mizrahi Tefahot Bank and currently an advisor to investment funds Foreigner Anath Levin, President of BlackRock in Israel, and formerly Chief Investment Officer of Migdal Insurance and Finan cial Holdings Ltd. and Clal Insurance Enterprises Holdings Ltd. , Head of Department at Bank Hapoalim; and Professor Ephraim Sadka, the former Chairman of Shikun & Binui, currently a director on the boards of some of the largest companies in Israel and Professor Emeritus of Economics at Tel Aviv University. Published by Globes, Israel business news – en.globes.co.il – August 9, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021