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Sovereign Wealth Funds Briefing - Categorized | People, Reserve Currencies

Jensen dips into the oil fund again

Posted on 12 May 2016

Norwegian Finance Minister Siv Jensen announced plans on Wednesday to bolster Norway’s surprisingly resilient economy once again, by tapping another NOK 10.4 billion of the country’s Oil Fund reserves. NOK 900 million will be earmarked to combat unemployment in the southwestern portions of Norway that have been hit hardest by the dive in oil prices.
Jensen had referred to the government’s “expansive budget” earlier in the day, before confirming that even more money from the country’s huge “Oil Fund” will be spent………………………………………..Full Article: Source


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