11/05/2020at 08:07

Oil fund's historic asset sale gives Norway an edge

For the first time in its history, the world’s biggest sovereign wealth fund will have to liquidate assets to cover withdrawals by Norway’s government.

Norges Bank Governor Oystein Olsen | Photo: https://www.norges-bank.no/en/topics/about/Organisation/The-Executive-Board/Governor/

By Mikael Holter / BLOOMBERG

Norges Bank Governor Oystein Olsen, who oversees his country’s USD 1 trillion piggy bank, says the mechanism provides “room to maneuver” through the worst economic crisis since World War II.

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