Historic Asset Sale at $1 Trillion Fund Gives Norway an Edge
A pedestrian walks past the headquarters of Norway's central bank in Oslo, Norway.
Photographer: Kyrre Lien/BloombergThis article is for subscribers only.
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, who oversees his country’s $1 trillion piggy bank, says the mechanism provides “room to maneuver” through the worst economic crisis since World War II.