Israel Should Issue Bonds in Run-up to Natural Gas Bonanza, Top Economist Says

Leumi's Chief Economist Gil Bufman says it’s time to act before Israel’s sovereign wealth fund from natural gas royalties starts operating in 2018.

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To help bail out exporters stung by the appreciating shekel, Israel should securitize the profits from its natural gas royalties to buy dollars, Bank Leumi Chief Economist Gil Bufman said during a recent visit...