After SVB collapse, Netanyahu pledges steps to help Israeli tech firms 'if needed'

Prime Minister Benjamin Netanyahu says he’s been in touch with senior Israeli tech figures following the collapse of Silicon Valley Bank in the United States.

Netanyahu, who is due to fly back this evening from Rome, says he’s keeping tabs on the matter and will meet with Finance Minister Bezalel Smotrich, Economy Minister Nir Barkat and Bank of Israel Governor Amir Yaron upon his return.

“If needed, out of [a sense of] responsibility for tech companies and workers in Israel, we will take steps to help Israeli companies whose operations are centered in Israel to get through this liquidity crisis,” he vows in a statement.

He adds that Israel’s economy “is strong and stable, and this is again coming to expression in this crisis.”