Whereas the increase in the number of failed financial institutions in the late 1990s occurred under circumstances in which the underdeveloped safety net made it difficult to get the crisis under control, the spike from 2000 onward is proof of a systematic resolution of failed banks under the new framework (Chart 3).
The results of international tests showing a persistent decline in the relative achievements of Israeli students indicate that we must continue to promote the education system and to solve the problems it faces in all segments and across the entire age structure.