Lebanon sets in motion plans to create SWF
Lebanon is one step closer to setting up a sovereign wealth fund (SWF), after the Lebanese parliament gave the go-ahead to explore for gas in the Mediterranean Sea on Tuesday.
Reuters, a news agency, reported Ali Hassan Khalil, an aide to Lebanon's parliamentary speaker, Nabih Berri, on Tuesday as saying a SWF would be created under the auspices of the energy ministry to manage and invest potential energy revenues after it passed a law allowing exploration of gas in the Mediterranean Sea. Khalil
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Sovereign Wealth
Mozambique parliament passes SWF law
New fund will absorb oil and gas revenue in line with IMF conditions
Dubai creates new sovereign wealth fund
Dubai World “will be affiliated” to new investment arm
Philippines’ Marcos pledges SWF will still go ahead
Government puts implementation rules on hold, but president says it will open by year’s end
China SWF buying bank shares on Shanghai exchange
Central Huijin was created in 2003 to address domestic banking crisis
Irish government to create two sovereign funds
New law will mandate government to deposit up to 0.8% of GDP in two funds over next decade
Norway’s sovereign wealth fund closes China office
Norwegian oil fund manager says its Singapore office is now the hub of its operations in Asia
Pakistan launches sovereign wealth fund
Struggling country transfers $8 billion of shares in seven state companies to new SWF
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
Most read
- Bernanke calls for total redesign of BoE forecasting
- Taking stock of Bernanke: the original sin of forecasting
- Bank of England: time for fourth-generation forecasting tools?