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2025/10/17
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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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GALLERY

thumbnail received_660411626869651
received_660411626869651
2025/10/16 3:47:27President of Mongolia Confers State Decorations on Indian Citizens
thumbnail 68f0657c8b4d0
68f0657c8b4d0
2025/10/16 3:04:24President of Mongolia Receives Speaker of India’s Lower House Om Birla
thumbnail 566490196_1331060441795499_6394994217873997481_n
566490196_1331060441795499_6394994217873997481_n
2025/10/16 2:52:15Over 150 Enterprises Attend India-Mongolia Business Forum
thumbnail received_843529181431288
received_843529181431288
2025/10/15 3:10:14President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial
thumbnail received_1092820602840736
received_1092820602840736
2025/10/15 3:06:59President Khurelsukh Ukhnaa Meets President Droupadi Murmu
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