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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments, Fund Profile/New Launches

Finance committee opposes using sovereign fund for defense

Posted on 24 February 2012

Committee chair Moshe Gafni: If the government doesn’t stipulate that the fund will only be for social purposes, we will. Knesset Finance Committee members oppose recommendations of the inter-ministerial team, headed by National Economics Council chairman Eugene Kandell, which will review the management of the state’s revenues from oil and gas resources.
During yesterday’s discussion, committee members said that the team’s recommendations violate the spirit of the Sheshinski Committee to use revenues from natural gas discoveries for social purposes………………………………………..Full Article: Source


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