S&P worried about Israeli plans to use SWF funds, says report

Israel new shekels 1048104032

Rating agency Standard and Poor’s has expressed concerns that Israel’s new government will use sovereign wealth fund assets for current spending.

According to an article in financial newspaper Globes published on January 15, S&P representatives were worried about a passage in the agreement between the parties forming the new coalition government that took office on December 29. 

The paper quoted part of the coalition agreement, which pledged to amend the law creating the Israel Citizens’ Fund

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