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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Israel puts gas wealth in central bank’s hands

Posted on 02 March 2012

“No one is as wise as the experienced” goes the Hebrew adage, and yet Israel ironically seldom followed this advice, partly because the challenges it faced, from farming the desert to resurrecting a language, were such that no one had experience handling them and partly because Israelis were good improvisers but bad planners.
Well, for once this pattern is being broken, after the government decided last week to establish a sovereign-wealth fund where it will deposit its natural-gas revenue………………………………………….Full Article: Source


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