Yitzhak Moda'i


Yitzhak Moda'i

MKs


Date of birth = 17 January 1926
Year of Aliyah =
Date of death = 22 May 1998
Knesset(s) = 8th, 9th, 10th, 11th, 12th
Party = New Liberal Party
Former parties = Likud
Gov't roles = Minister of Energy & Infrastructure
Minister of Communications
Minister without Portfolio
Minister of Finance
Minister of Justice
Minister of Economics & Planning

Yitzhak Moda'i ( _he. יצחק מודעי, born 17 January 1926, died 22 May 1998) was an Israeli politician, who served five terms in the Israeli Knesset for Likud and then the New Liberal Party over the course of a 20 year career.

Moda'i was a member of the now-defunct Liberal Party, which later merged into the Likud. He was a member of several Likud cabinets, and served as a Minister without Portfolio, Communications Minister, Finance Minister, Justice Minister and Energy and Infrastructure Minister. He is best known for the 1985 economic stabilization plan that managed to curtail Israel's hyperinflation of the early 1980s, which he, as Finance Minister, devised together with then-Prime Minister Shimon Peres. [ [http://www.jewishsf.com/content/2-0-/module/displaystory/story_id/8744/edition_id/166/format/html/displaystory.html Yitzhak Moda'i, 20-year veteran of Knesset, 72] ] Thanks to the plan, the Israeli economy averted total collapse and inflation was reduced from an annual rate of almost 450% to less than 20% in less than two years. This plan has become a model for other countries facing similar economic situations.

In 1990 he and four other MKs (all of them former members of the Liberal Party) broke away from Likud to form the "Party for the Advancement of the Zionist Idea", later renamed the "New Liberal Party". The party failed to cross the electoral threshold in the 1992 elections and Moda'i lost his seat.

References

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Moda'i, Yitzhak — (1926 98)    Born in Tel Aviv, he received a B.Sc. in chemical industrial engineering from the Technion Israel Institute of Technology in 1947, a graduate degree in economics from the University of London in 1957, and a law degree from the Tel… …   Historical Dictionary of Israel

  • List of Likud Knesset Members — and the sessions of the Knesset (the Israeli parliament in Jerusalem) in which they served (place on Likud list is given in brackets): 8th Knesset Likud Members (31 December 1973 to 17 May 1977): Zalman Abramov; Moshe Arens; Yoram Aridor; Yohanan …   Wikipedia

  • National Infrastructure Minister of Israel — Israel This article is part of the series: Politics and government of Israel Basic Laws Jerusalem Law …   Wikipedia

  • Ministry of Finance (Israel) — Israel This article is part of the series: Politics and government of Israel Basic Laws Jerusalem Law …   Wikipedia

  • New Liberal Party (Israel) — New Liberal Party מפלגה ליברלית חדשה Leader Yitzhak Moda i Founded 15 March 1990 Split from Likud Ideology …   Wikipedia

  • Nineteenth government of Israel — Israel This article is part of the series: Politics and government of Israel Basic Laws Jerusalem Law …   Wikipedia

  • HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… …   Encyclopedia of Judaism

  • Finance Minister of Israel — Finance Ministers of Israel, 1948 present= #1948 1952 Eliezer Kaplan #1952 1963 Levi Eshkol #1963 1968 Pinchas Sapir #1968 1969 Ze ev Sherf #1969 1974 Pinchas Sapir #1974 1977 Yehoshua Rabinovitz #1977 1979 Simha Erlich #1979 1981 Yigal Hurvitz… …   Wikipedia

  • Communications Minister of Israel — Israel This article is part of the series: Politics and government of Israel Basic Laws Jerusalem Law …   Wikipedia

  • Minister without portfolio — A minister without portfolio is either a government minister with no specific responsibilities or a minister that does not head a particular ministry. The sinecure position is particularly common in countries ruled by coalition governments and a… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.