Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund (ICF) – is finally going ahead on Wednesday (June 1st) after years of delays and reduced expectations.The Middle Eastern state’s difficult experience underscores the challenges faced by governments seeking to leverage excesses of commodity revenues or foreign exchange reserves...
Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund (ICF) – is finally going ahead on Wednesday (June 1st) after years of delays and reduced expectations.The Middle Eastern state’s difficult experience underscores the challenges faced by governments seeking to leverage excesses of commodity revenues or foreign exchange reserves...