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2025/10/10
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MEETINGS ON THE GOVERNMENT PENSION FUND OF NORWAY

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2020/01/28 9:14:15
MEETINGS ON THE GOVERNMENT PENSION FUND OF NORWAY

President of Mongolia Khaltmaagiin Battulga, who is paying a working visit to the Kingdom of Norway, held meetings with the authorities of the Government Pension Fund of Norway, the Ministry of Foreign Affairs, the Ministry of Finance, and Norges Bank today.

Beginning the meeting, President Battulga said “Since 2012, Mongolia has been studying the activities and management of the Government Pension Fund of Norway at higher levels of the government with interests in cooperation. Over the past years, we were keen to discover the positive aspects of the wealth fund, and this time we are paying close attention to the negative implications as well as potential risks involved as we intend to establish a wealth fund in Mongolia.”

The discussion centered upon topics such as establishment and history of the Government Pension Fund, investment strategy and management of the Fund, the Council and Ethics of the Fund, and the role of oil and gas revenues in the Norwegian economy. The Ministry of Finance of Norway is in charge of management of the Fund, and officials from the Ministry answered related questions of President Battulga and delegates accompanying him.

Like Mongolia, Norway discovered massive oil deposits in 1969 as a result of explorations, developed a plan to establish a wealth fund in 1983, and started implementing the plan in 1990. In 2007, the Government Pension Fund of Norway became the largest national wealth fund in Europe by value, and in 2019, its revenues surpassed USD 1 trillion.

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thumbnail 552193840_4029457393985979_9174060302009063828_n
552193840_4029457393985979_9174060302009063828_n
2025/09/24 10:36:35President of Mongolia Khurelsukh Ukhnaa Meets UN Secretary-General António Guterres
thumbnail 552569591_2623408488009654_1347335903623179212_n
552569591_2623408488009654_1347335903623179212_n
2025/09/24 9:37:59Khurelsukh Ukhnaa: Mongolia Will Steadfastly Support the United Nations’ Efforts to Safeguard International Peace and Security
thumbnail IMG-53aa676399b367af3d033aeee9ac14ee-V
IMG-53aa676399b367af3d033aeee9ac14ee-V
2025/09/24 10:02:00President Khurelsukh Participates in 80th UNGA General Debate
thumbnail 552236558_802276269006047_2579351184262018784_n
552236558_802276269006047_2579351184262018784_n
2025/09/24 9:59:48President of Mongolia Khurelsukh Ukhnaa Meets with President of Finland Alexander Stubb
thumbnail 552571392_3736743926458218_4084990319214752927_n
552571392_3736743926458218_4084990319214752927_n
2025/09/23 3:15:27President of Mongolia Khurelsukh Ukhnaa Meets President of Montenegro Jakov Milatović
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