(January 11, 2021 / JNS) Despite one of the worst economic years in memory, Israel Bonds managed to sell an unprecedented $1.8 billion in investments worldwide.
The total, of which U.S. sales made up $1.5 billion, represents an increase of $400 million over the original goal. The unprecedented sales brought global Israel-bond investments since 1951 to more than $46 billion.
As the earliest repercussions of the coronavirus outbreak were being felt in Israel last March, Bonds leadership approached Israel’s Finance Ministry, requesting a higher goal to secure the additional funding necessary to help Israel offset the economic challenges that were expected to come.
“The pandemic presented formidable challenges, prompting new approaches to a business model that for 70 years had been predicated on national and regional events, synagogue activities and personal interactions,” says Israel Bonds president and CEO Israel Maimon. “Yet with resolve and an overt sense of purpose, the $1.8 billion total was attained, underscoring the well-established Bonds reputation as a dependable source of funds for Israel.”
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.