JERUSALEM (AP) Israel appointed the country's deputy central bank chief as the institution's next governor on Sunday after a months-long process in which two previous selections were forced to withdraw.
Karnit Flug succeeds former central bank chief Stanley Fischer. Flug will be the institution's first female head, and had been leading the Bank of Israel on an acting basis since Fischer left his post in June after eight years on the job.
Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid announced their decision after meeting Sunday.
"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," the two men said in a joint statement.
Flug, 58, studied economics at the Hebrew University in Jerusalem and earned her doctorate at Columbia University in New York. Most of her career was at the Bank of Israel where she served in senior positions. In the mid 1980's she was an economist at the International Monetary Fund. She speaks Hebrew, English, Spanish and Polish.