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🇮🇱 Israel /Culture & Society

IDF, Bank of Israel launch financial education for soldiers

From Jerusalem Post · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The IDF, Bank of Israel, and nonprofits launched a financial education program for approximately 4,500 soldiers over three years.
  • The initiative provides personalized guidance on budgeting, managing finances, and accessing rights and tools.
  • The program aims to reduce debt, improve financial control, and build a stable future for soldiers transitioning to civilian life.

The Israel Defense Forces (IDF), in collaboration with the Bank of Israel and several nonprofits, has launched a comprehensive financial education program aimed at supporting soldiers facing financial difficulties. The initiative, announced by the military, seeks to provide personalized financial guidance to approximately 4,500 soldiers over the next three years.

The program, which began in March 2026, has already seen about 600 soldiers participate. Each participant receives tailored support, including assistance with budgeting, managing income and expenses, understanding their financial rights, and utilizing dedicated digital platforms. The core objective is to help soldiers reduce debt, gain better control over their finances, and establish a more stable financial foundation for their post-service lives.

Behind every economic figure are people, and in this case young men and women who chose to dedicate their most significant years to serving the state.

— Prof. Amir YaronBank of Israel Governor emphasizing the human element behind economic figures and the program's beneficiaries.

Bank of Israel Governor Prof. Amir Yaron emphasized the program's importance, stating that young individuals dedicating their formative years to national service should not face financial burdens upon returning to civilian life. "Behind every economic figure are people, and in this case young men and women who chose to dedicate their most significant years to serving the state," Yaron remarked. He highlighted that financial education and access to responsible management tools are crucial for strengthening both individual and economic resilience.

The Bank of Israel will provide professional guidance and evaluate the program's effectiveness, ensuring the assistance is "knowledge-based, measurable, and creates real and sustainable change." Nonprofits Pitchon Lev and HaTashtit, in partnership with RiseUp and Citizen Impact respectively, were selected to operate the program following a rigorous proposal review. The program combines personal counseling with technological tools for continuous, accessible support.

knowledge-based, measurable, and creates real and sustainable change.

— Prof. Amir YaronBank of Israel Governor describing the desired outcomes of the financial guidance program.
DistantNews Editorial

Originally published by Jerusalem Post in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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