| The political management of Norway’s $720bn oil fund – the world’s largest sovereign wealth fund – has been defined by one word: consensus. Despite all the temptations that come from the fund – Government Pension Fund Global – having more assets than the equivalent of one year’s economic output from the Nordic country, politicians of all colours have been careful to act together and cautiously over Norway’s oil wealth.
But with Norway on course to change government for the first time in eight years, the centre-right favourites to win the poll are signalling there could be some big changes both in how the fund is run and how its enormous reserves are spent.......................................Full Article: Source
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