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 |