13.12.2011 - How creation of sovereign investment fund can help ensure Israel's economic future
In a new report, "Structuring Israel's Sovereign Investment Fund: Financing the Nation's Future," the Milken Institute explores the policies necessary to turn a temporary resource boom into a lasting national advantage. "Israel has a unique opportunity to transform a sudden and temporary bounty of natural resource wealth from its offshore natural gas discoveries into an intergenerational endowment -- an investment fund that will strengthen national economic security by insuring against risks of natural, geopolitical, or economic catastrophes while investing in Israel's most important resource -- its human capital," said Glenn Yago, one of the report's authors and Senior Director of the Milken Institute Israel Center. "Our report is a roadmap for policy makers on how they can most effectively accomplish this, as well as the pitfalls for them to watch out for." (Press Release)