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With the right policies, narrower socio-economic divides and higher levels of well-being are well within Israel’s reach. Raising educational standards and encouraging employment, maintaining sound monetary policy and a responsible fiscal trajectory, pressing on with structural reforms that encourage innovation, competition and creativity – these are all central to achieving sustained, inclusive growth.
It is a great honour to welcome the President of Israel, Shimon Peres, to the OECD. This is indeed a historic occasion. President Peres is one of the greatest statesmen of our times. His service to Israel has been precious and lifelong.(...)
The OECD has written the following letter to the editor of Ha’aretz in response to comments by Israel’s Tourism Minister, Stas Misezhnikov, reported in the newspaper’s 5 October 2010 edition.
In his remarks on 29 June 2010, at the occasion of Israel's Accession Agreement to the OECD, Angel Gurría said that Israel's accession will reflect a more open, more plural and inclusive OECD.
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to Angel Gurría.
Israel has enjoyed strong economic growth over the last decades but the fruits of this growth have not been equally shared amongst the country’s rapidly growing population, warned the OECD Secretary-General.
Israel has weathered the recent recession very well and the policy responses have been appropriate. Nevertheless, long-term fiscal sustainability needs to be reinforced by bringing down public debt and the fruits of economic growth should be better redistributed to low-income households, said the OECD Secretary-General during his presentation of the report to the Prime Minister Netanyahu.