Netanyahu Announces NIS 4 Billion Government Assistance Fund
The fund will support companies experiencing financial difficulties due to the coronavirus crisis
Omri Milman | 15:26 08.03.2020
Israeli Prime Minister Benjamin Netanyahu announced on Sunday a NIS 4 billion ($1.147 billion) government assistance fund for companies experiencing financial difficulties due to the Covid-19 crisis. While he had announced the fund last week, financial details were not disclosed until now. During a government meeting Sunday, Netanyahu listed the steps the government will take. “First, we will disinfect public facilities; second, we will recruit the air force and airlines to ensure the supply chain on which the Israeli economy depends continues under any circumstances; third, we will recruit the best minds in Israel to efficiently separate between the healthy and the sick.” Netanyahu added that on Monday, the government will convene a meeting with science and health representatives to cut down on testing time and increase testing reach. The fourth step, he said, is the assistance fund.