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Many countries have very large foreign debts and nothing similar to the Global Fund, so Norway is still doing far better off, relatively speaking.
by vertex-four 10y ago
Many countries have very large foreign debts and nothing similar to the Global Fund, so Norway is still doing far better off, relatively speaking.
- dogma1138 10y ago> and nothing similar to the Global Fund This is untrue, while a country might not have a single large SWF most of them have similar investments they are just distributed and managed differently. What you would be correct to say is that not many countries have a single large SWF which is primarily funded through the "nationalization" of the revenue from mineral rights. Also please note that the "882B" are for both funds or if you like the Government Pension Fund of Norway Fund manages 2 discrete SWF's the petroleum revenue fund and the national insurance/tax revenue fund.
- refurb 10y agoDidn't mean to infer otherwise. I agree Norway is doing quite well, but when you look at the credits and debits it puts things in a different perspective.