03.11.2014 - Why rich Norway can't afford to be complacent
Norway might have built up the world's largest sovereign wealth fund, but it cannot afford to be complacent,the country's finance minister told CNBC. Market volatility, falling oil prices and a slowdown in global economic growth are all factors that could put the country's economic success at risk, Finance Minister Siv Jensen told CNBC on Friday. Norway has amassed a vast amount of money due to its oil reserves. In 1990, it set up a sovereign wealth fund that has become the largest in the world, with a market value of $860 billion, according to Norges Bank which manages the fund................................................Full Article: Source
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