Finance Ministry thanks ICSEP

Memos
10 Aug ’05

After the financial market reform was ratified by the Knesset, the director general of the finance ministry wrote to ICSEP director Daniel Doron.

“Thank you for the support and encouragement that you and your colleagues gave us throughout the process,” he wrote.

MINISTRY OF FINANCE

DIRECTOR GENERAL

August 10, 2005

Mr. Daniel Doron
Director of the Israel Center for Social and Economic Progress
Mevaseret Zion

My dear friend Daniel,

Now that we have concluded our project and the financial market reform was ratified by the Knesset, I find it appropriate to thank you for the support and encouragement that you and your colleagues gave us throughout the process.

Your faith in the justice of our cause, that led to the total engagement of The Israel Center for Social and Economic Progress (in the struggle for the reform) was, no doubt, an important ingredient in our success.

I feel honor bound to stress that your engagement in our efforts was based on purely professional considerations, and was done without any reward, without any fear and with total devotion. You are indeed a unique phenomenon that can serve as a model and a symbol of what acting in the public interest can be.

Together we have managed to introduce very significant changes in the Israeli economy.

Our heartfelt thanks,

Respectfully,
Dr. Yossie Bachar

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ICSEP has circulated the following letter together with a PowerPoint presentation: “A Competitive Capital Market – A Growth Engine for the Israeli Economy”.

Dear friends,

Enclosed is a draft document on the reform of financial markets in Israel. We hope it explains why such a reform is so vital for Israel’s viability, and why Israel needs a strong economy to meet the extraordinary threats and challenges facing it.