Norges Bank says it is still capable of managing wealth fund

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Norges Bank has said it considers itself capable of continuing to manage Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG). A commission investigating changes to the central bank law had recommended the creation of a separate entity to manage the fund.

The GPFG is the world’s biggest sovereign wealth fund with assets worth more than $1 trillion.

In a response to the report of the commission published on October 26, the central bank acknowledges the importance of

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