TEL AVIV (Reuters) – Prime Minister Benjamin Netanyahu said on Sunday his government would establish a 4 billion shekel ($1.2 billion) fund to help Israeli companies impacted by the global coronavirus outbreak.
Netanyahu said Finance Minister Moshe Kahlon had drawn up plans for the fund and would present them at Sunday’s cabinet meeting. No further details were immediately available.
Also on Sunday, El Al Israel Airlines
Israel’s central bank said last week the coronavirus outbreak has not had a major impact on the economy, but if conditions worsen significantly, it is prepared to use monetary policies accordingly.
(Reporting by Tova Cohen, Editing by Ari Rabinovitch)