Israel’s successful integration into the global economy is manifested, among other things, in rapid growth; in exports, which reached about 45 percent of GDP; foreign investment; a flow of foreign investments into Israel; a high credit rating; favorable evaluations by international financial institutions; and an invitation from the OECD to begin the process of joining.
These challenges, however, also offer opportunities. There can be positive outcomes if the correct procedures and frameworks are put in place and these challenges can also serve to harness fully the growth enhancing potential of the financial sector and enhance its role in the region’s development.