The inter-ministerial effort could be instrumental in incorporating more Israeli demographics into its high-tech industry.
With six months until the end of Prof. Amir Yaron's term as Bank of Israel Governor, uncertainty over his replacement could further damage the economy.
Despite the rate hikes, Israel's inflation rate stood at 5% in April, near a 14-year high and well above the government's 1%-3% annual target range.
It added: "As in any country, maintaining strength of the rule of law would be important for economic success."
Israel set the majority of its client goals in the summer of 2021 and submitted them to the United Nations Framework Convention on Climate Change.
While pundits and Israel’s PM insist that Moody’s downgrade of Israel’s economic forecast holds little weight, experts suggest otherwise.
Lapid's comments came after the rating agency Moody's announced a downgrade of Israel's credit outlook to 'stable,' instead of 'positive.'
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