Karnit Flug To Be Named First Female Bank of Israel Head

Flug Was Stanley Fischer's Pick for the Post

Haaretz

By JTA

Published October 20, 2013.
  • Print
  • Share Share

Dr. Karnit Flug has been chosen to serve as Israel’s next governor of the Bank of Israel, the first woman ever to hold the prestigious position.

Flug, whose appointment was announced Sunday by Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid, previously served as deputy governor of the Bank of Israel since July 2011, and was recommended by her predecessor Stanley Fischer to be his replacement. She has served as acting governor since Fischer stepped down on June 30.

Her appointment comes after two would-be appointees withdrew their names from the nomination after embarrassing personal information came to light.

Lawrence Summers, a former U.S. Treasury Secretary and president of Harvard University, also reportedly turned down the post last week.

Flug had resigned from her position after being passed over to replace Fischer.

“We have been impressed by Dr. Flug’s performance as Acting Governor in recent months and we are certain that she will continue to assist us in moving the Israeli economy to additional achievements in the face of the global economic upheaval,” Netanyahu and Lapid said in a brief statement.

Flug’s nomination must be confirmed by the Knesset.

Flug received a PhD in economics from Columbia University in 1985 and worked at the International Monetary Fund before joining the Bank of Israel in 1998.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • Is $4,000 too much to ask for a non-member to be buried in a synagogue cemetery?
  • "Let’s not fall into the simplistic us/them dichotomy of 'we were just minding our business when they started firing rockets at us.' We were not just minding our business. We were building settlements, manning checkpoints, and filling jails." What do you think?
  • PHOTOS: 10,000 Israel supporters gathered for a solidarity rally near the United Nations in New York yesterday.
  • Step into the Iron Dome with Tuvia Tenenbom.
  • What do you think of Wonder Woman's new look?
  • "She said that Ruven Barkan, a Conservative rabbi, came into her classroom, closed the door and turned out the lights. He asked the class of fourth graders to lie on the floor and relax their bodies. Then, he asked them to pray for abused children." Read Paul Berger's compelling story about a #Savannah community in turmoil:
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • Is boredom un-Jewish?
  • Let's face it: there's really only one Katz's Delicatessen.
  • "Dear Diaspora Jews, I’m sorry to break it to you, but you can’t have it both ways. You can’t insist that every Jew is intrinsically part of the Israeli state and that Jews are also intrinsically separate from, and therefore not responsible for, the actions of the Israeli state." Do you agree?
  • Are Michelangelo's paintings anti-Semitic? Meet the Jews of the Sistine Chapel: http://jd.fo/i4UDl
  • What does the Israel-Hamas war look like through Haredi eyes?
  • Was Israel really shocked to find there are networks of tunnels under Gaza?
  • “Going to Berlin, I had a sense of something waiting there for me. I was searching for something and felt I could unlock it by walking the streets where my grandfather walked and where my father grew up.”
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.