An International Monetary Fund delegation will begin discussions in Israel on Wednesday in preparation for its annual country report, which has an important bearing on the rating of Israel's economy. The delegation consists of four economists and is headed by Peter Doyle, the division chief of the IMF European Department. On Wednesday it will meet the with Bank of Israel senior management. Over 10 days the delegation will meet with senior officials from the Finance Ministry and other government ministries, banks, the Manufacturers Association of Israel, the Histadrut Labor Federation and academics. The mission will submit its initial report to the finance minister and the governor of the Bank of Israel on December 16, which will be followed by a detailed annual report compiled in Washington.