Israel's proposed judicial changes pose a major risk to the economy, the IMF says. The changes could hamper investment, consumption and long-term growth.
The IMF says it must reduce the uncertainty through a "politically sustainable solution" This comes after Moody's Investors Service downgraded Israel's sovereign credit rating to "stable" from "positive" for the first time in 20 years. The downgrade is the result of a review of Israel's ability to meet its debt obligations to the International Monetary Fund.