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Sovereign Wealth Funds Briefing - Categorized | Trends

What Norway did with its oil and we didn’t

Posted on 17 May 2013

In 1990, the precursor of the Government Pension Fund – Global (GPFG), a sovereign wealth fund, was established for surplus oil revenues. Today the GPFG is worth more than $700-billion.
While there’s no question that Norway has done well from its oil and gas, unlike many resource-based nations, Norway has invested its petro dollars in such a way as to create and sustain other industries where it is also globally competitive………………………………………..Full Article: Source


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