BoI head Fischer unveils NIS 4.4b. plan to cope with financial crisis

Bank of Israel (BoI) Governor Prof. Stanley Fischer on Tuesday convened a special press conference to unveil a plan to ease the current economic and financial climate and make recommendations on measures to cope with the crisis. The BoI plan, Fischer said, would cost NIS 4.4 billion and include the implementation of a negative income tax, advancing. The cost of the proposal was broken down to NIS 1.5 billion for new projects, NIS 1.15 billion to stimulate exports and NIS 1.8 billion for the job market.