14.12.2011 - Israel: Sovereign investment fund would protect against war
Israel must establish a sovereign-wealth investment fund from future offshore natural- gas revenues to protect against catastrophic risks like war, economic crisis or natural disaster, a report published this week by the Milken Institute concluded. A secondary goal of such a fund would be to build up revenues to cover pension obligations, health care or other assets affecting Israel’s human capital, it said. Recent discoveries of underwater gas fields – led by the Leviathan and Tamar fields, which between them contain an estimated 700 billion cubic meters of natural gas – are expected to turn Israel into a natural-gas exporter in the coming years...............................................Full Article: Source
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