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Sovereign Wealth Funds Briefing - Categorized | Financials, People

Debt-laden countries could learn from Norway - PM

Posted on 30 September 2013

Debt-laden European nations and resource-rich developing countries could all learn from Norway’s tight-fisted spending habits and oil wealth management programme, the country’s outgoing prime minister has said.
Jens Stoltenberg said Norway had become one of the wealthiest countries in the world mainly by refusing to spend its huge state oil revenues, instead placing them in a sovereign wealth fund and using only the annual returns. “That way the fund lasts forever,” he told an academic audience at Harvard University in Cambridge, Massachusetts………………………………………..Full Article: Source


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