| The Ministry of Finance feels it should manage the sovereign wealth fund for Israel's oil and gas tax revenues. A power struggle has erupted between the Bank of Israel and the Ministry of Finance over the management of the sovereign wealth fund for Israel's oil and gas tax revenues.
Cabinet decision handed management of the fund to the Bank of Israel. "The principles of the sovereign wealth fund were formulated months ago, but it has been held up by the war between the Ministry of Finance and the Bank of Israel over its management," a top official involved in the process told "Globes."..............................................Full Article: Source |