Israel Bonds, the development corporation for the Jewish state, announced on Thursday that it reached a record of $5.7 billion in global investments on the two-year anniversary of the October 7 Massacre.
The announcement comes as Israel and Hamas approach a ceasefire agreement that will bring home the hostages remaining and see an IDF drawback from the Gaza Strip.
The corporation raised $1 billion in sales 30 days after Hamas committed the attack, and since then, it has more than doubled in sales compared to previous years, reported the company.
“As we welcome news of a deal, Israel Bonds’ achievement signals the enduring strength of Israel’s supporters around the world,” said Dani Naveh, President and CEO of Israel Bonds. “The outpouring of support since October 7 has been extraordinary — so many answered the call in Israel’s hour of need. What’s even more inspiring is that, two years later, many of those same individuals have chosen to reinvest yet again, and to play an important role in building Israel’s tomorrow,” he continued.
"What’s even more inspiring is that, two years later, many of those same individuals have chosen to reinvest yet again, and to play an important role in building Israel’s tomorrow."
A fragile economy
Some experts have warned about the war’s impact on the Israeli economy.
During last week’s interest rate decision, Bank of Israel Governor Prof. Amir Yaron captured the fragility of Israel’s economy since October 7, stating that “The Israeli economy is built on solid foundations and has demonstrated impressive resilience and stability throughout the war. Yet, the economic consequences are far-reaching and continue to leave a significant mark on economic activity.”
In August, two respected Israeli economists, Jacob Frenkel and Karnit Flug, warned that the longer this war continues without an economic strategy, the greater the risk to Israel’s long-term security and stability.
According to a statement made by Israel Bonds, the corporation has played a crucial role in providing Israel access to capital “during periods of market volatility and geopolitical uncertainty.”
Israel Bonds National and International Chairman of the Board, Andrew M. Hutter, said that the company’s milestone “truly reflects what Israel’s allies around the world are capable of.
"This is a testament to a shared, global commitment to Israel’s resilience and recovery; a statement of solidarity and hope for the future,” he said.
Hutter and Naveh were ranked by The Post as No. 36 in this year's 50 Most Influential Jews list.