Job creation is top priority for Palestinian wealth fund


Dubai The Palestinian sovereign wealth fund is aiming to boost the private sector and wean the strife-torn region off aid, with investments in sectors such as tourism and power generating profits despite difficult relations with Israel, its boss told Reuters. While most other, much larger, sovereign wealth funds invest heavily abroad in a bid to spread risk and maximise returns, the Palestine Investment Fund (PIF) is focused on developing the local economy. "Our objectives differ from that of some sovereign funds elsewhere," the PIF’s chief executive, Mohammad Mustafa, said in a telephone interview from his office in Ramallah. "We want to create jobs, contribute to increasing…

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Haiti’s Novel Decentralization Program Gives a Voice to the Heartland: Hundreds Gather at Community Cafes to Help Shape Their Future

PORT AU PRINCE, Haiti, April 5, 2012 /PRNewswire/ — Hundreds of citizens in the Haitian cities of Jacmel, Leogane and Port de Paix have now participated in the Ministry of the Interior’s innovative Community Cafes, the first phase of a comprehensive community decentralization program called Katye Pam Poze (KPP). In […]