25.01.2011 - IMF urges Israel to create sovereign wealth fund
From Asiaone.com: The International Monetary Fund called on Israel on Tuesday to use the revenue generated by offshore gas fields in the Mediterranean to cut public debt and establish a sovereign wealth fund. "The first use of tax proceeds from gas should be to reduce public debt, and additional funds from this source should be placed in a sovereign wealth fund," the IMF said in its annual report on the Israeli economy..............................................Full Article: Source
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