This resulted in a period of austerity. To ensure that Israel, which at that time had a small economy and scant foreign currency reserves, could provide for the immigrants, a strict regime of rationing was put in place. Measures were enacted to ensure that all Israeli citizens had access to adequate food, housing, and clothing. Austerity was very restrictive until 1953; the previous year, Israel had signed a reparations agreement with West Germany, in which the West German government would pay Israel as compensation for the Holocaust, due to Israel's taking in a large number of Holocaust survivors. The resulting influx of foreign capital boosted the Israeli economy and allowed for the relaxing of most restrictions. The remaining austerity measures were gradually phased out throughout the following years.