| Norway’s $830bn oil fund can easily cope with the government in Oslo withdrawing the first money from the country’s rainy-day pot and does not face pressure to sell assets, according to its chief executive. The centre-right government took NKr6.7bn ($800m) out of the world’s largest sovereign wealth fund in January, many years ahead of the first predicted withdrawals.
However Yngve Slyngstad, chief executive of Norges Bank Investment Management, the fund’s manager, said it could cover the withdrawals through the cash flow it received from dividends and bond coupon payments, which last year totalled NKr191.5bn...............................................Full Article: Source
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