Smotrich: Israel following economic reaction to US bank failures

Israel is closely following economic developments after the failure of  Silicon Valley Bank (SVB) and Signature Bank, Finance Minister Bezalel Smotrich told senior Citi Bank officials on Tuesday.

In a meeting at the banking company's New York headquarters, Smotrich noted that Israel's economy is strong and "relatively easy to manage at times of crisis," adding that the economic cooperation between Israel and the international community will only "continue to grow."

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