Despite the severe impact of the October 7 terror attacks, business leaders in the Gaza border area are determined to rebuild and move forward.
Others believe it’s far too soon to know what the extent of the war’s damage on Israel’s economy will be.
Today, as Israel faces an unforeseen expenditure of enormous proportions and an economic crisis that may linger for years, using these funds for anything else is downright scandalous.
Beyond its commercial pursuits, AI21 has been actively involved in industry-wide efforts to provide support during the ongoing conflict with Hamas.
Since Hamas’s barbaric October 7 attack on Israel, Israel Bonds and its affiliates have secured more than $1 billion in bond investments from investors, fortifying Israel’s economy during wartime.
How should Israel manage its economy during and after a prolonged war that may be fought on two fronts – South and North?
The funds will now be used as aid for evacuees from southern towns near Gaza and from towns and cities up north.
Under the plan, loan payments of mortgages, consumer credit and business credit would be deferred without charging interest and without charging fees.
The rate was set at 3.861 after the dollar gained strength globally.