Norwegian government may split SWF from Norges Bank

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The Norwegian government has announced that it may end the central bank’s control of the country’s sovereign wealth fund, the largest in the world.

The Government Pension Fund Global controls assets worth Nkr12 trillion ($1.4 trillion), funded by Norwegian oil and gas sales. Norway’s centre-right government has set up a committee to study the future of the GPFG, it announced today (September 3).

One of the committee’s tasks will be to assess “whether the current position within Norges Bank

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