Financial education program for soldiers in need launched by IDF, Bank of Israel, nonprofits

Дата публикации: 15-08-2026 04:16:14

The program aims to ease the burden of financial difficulties and debt as young men and women transition from military service into the workforce.

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ByJERUSALEM POST STAFFAUGUST 15, 2026 04:16

IDF soldiers facing financial difficulties will receive personal financial guidance as part of a joint initiative by the Bank of Israel, the Class Actions Fund, and the IDF Manpower Directorate, the military announced on Friday.

The Bank of Israel hosted an event on Wednesday to mark the launch of the consumer and financial guidance program, which aims to support about 4,500 soldiers over the next three years.

Bank of Israel Governor Prof. Amir Yaron, Class Actions Fund chairman Yaakov Sheinman, IDF Manpower Directorate chief Maj.-Gen. Dado Bar Kalifa, and other senior officers from the directorate attended the event.

Since it began in March 2026, about 600 soldiers have participated in the program. Each participant receives personalized support based on their financial situation, including help building a budget, managing income and expenses, accessing financial rights and tools, and using dedicated digital platforms. The program aims to help soldiers without financial support reduce debt, gain greater control over their finances, and build a more stable financial foundation for the future.
 
The Pitchon Lev nonprofit, in cooperation with RiseUp, and the HaTashtit nonprofit, in partnership with Citizen Impact, were selected to operate the program following a rigorous evaluation process that included the submission and professional review of proposals.

Head of the Manpower Directorate Maj. Gen. Dado Bar Kalifa speaking at the launch of the consumer and financial guidance program for IDF soldiers in need, August 12, 2026. (credit: IDF SPOKESPERSON UNIT)

The program is built around a framework that combines personal guidance with technological tools designed to offer continuous, accessible assistance tailored to the participants' needs.

Program aims to ease soldiers’ financial burden, provide professional guidance

The Bank of Israel's role is to provide professional guidance to the program as part of its activities to promote financial education and information, assist in formulating the guidance content, and evaluate the effectiveness of the program, in accordance with accepted international principles and standards in the field of financial education.

Yaron said the program was intended to ensure that young men and women who dedicate some of their most formative years to serving the country do not enter civilian life burdened by financial difficulties or debt.

“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 said, adding that financial education and access to tools for responsible financial management are important for strengthening both individual and economic resilience.

Yaron said the Bank of Israel would provide professional guidance and evaluate the program’s effectiveness to ensure that the assistance is “knowledge-based, measurable, and creates real and sustainable change” in soldiers’ lives.

IDF aims to equip soldiers with financial tools, expand program to career service members

Bar Kalifa said the initiative would give soldiers the knowledge and tools to make better financial decisions as they prepare for civilian life.

“There is no greater gift to give a person than education and tools for making decisions,” said Bar Kalifa. “It gives our soldiers the tools to enter life better prepared.”

Bar Kalifa added that the IDF hopes to eventually expand the initiative to career service members, including noncommissioned officers and officers, to ease their financial burden and help retain personnel.

Sheinman, a retired judge, called the initiative “a significant social investment,” saying that providing soldiers with tools for responsible financial management would give them “a better starting point” from which to build a stable financial future.

He added that the initiative was part of a broader series of programs funded by the Class Actions Fund to promote responsible financial and consumer behavior across different segments of Israeli society.

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