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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

What we could learn from the Norwegians

Posted on 18 December 2008

From Theherald.co.uk: I was bemused to note that Norway has just announced that it is going to dip into its $332bn sovereign wealth fund (£222bn) to finance a new fiscal spending package.

The oil-rich Norwegians will use the fund, the world’s second largest after Abu Dhabi, to offset a rapid slowdown in economic growth next year. And it aims to use these funds to stimulate target sectors expected to experience the sharpest slowdown, such as the construction sector, and invest in public buildings, schools and infrastructure….. Full Article: Source


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