NYC Comptroller Praises Israel Ties Amid Bond Reinvestment Halt
Summarized from The Times of Israel by baba
New York City Comptroller Mark Levine praised the economic relationship with Israel on Thursday, a day after announcing the city will not reinvest in Israel Bonds. Levine stated the city has over $285 million invested in Israeli equities and that the decision was based on financial rules, not politics. He reassured that the city's commitment to investing in Israel remains strong, despite not reinvesting in the bonds. This move was welcomed by mainstream Jewish groups and comes as Israeli companies contribute significantly to New York's economy.
The story in 6 lines · by baba
- NYC Comptroller Mark Levine affirmed strong economic ties with Israel on Thursday.
- The city will not reinvest in Israel Bonds, a decision attributed to financial rules.
- New York City has over $285 million invested in Israeli equities, with more than $300 billion in total pension funds.
- Levine stated the decision does not reflect BDS engagement and reaffirmed commitment to Israeli investments.
- Mainstream Jewish groups welcomed Levine's statement reaffirming the economic relationship.
- Israeli companies have created over 27,000 jobs in New York City.
The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.