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2025/07/11
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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 515872835_755323223698206_7412016362952339814_n
515872835_755323223698206_7412016362952339814_n
2025/07/09 6:27:20Their Majesties the Emperor and Empress of Japan Visit General Education School in Ulaanbaatar
thumbnail 686e1491770f3
686e1491770f3
2025/07/09 3:26:24His Majesty the Emperor of Japan Visits Mongol Koosen Technology College
thumbnail 516556895_1401492031157754_9116450663623651940_n (1)
516556895_1401492031157754_9116450663623651940_n (1)
2025/07/08 10:21:56Their Majesties the Emperor and Empress of Japan Visit Memorial Complex for Japanese Nationals
thumbnail 515153697_1094120232617147_4756120391160394512_n
515153697_1094120232617147_4756120391160394512_n
2025/07/08 10:17:01President of Mongolia and First Lady Hold Official Meeting with Their Majesties the Emperor and Empress of Japan
thumbnail 514677703_748111194372690_1840022060456074353_n
514677703_748111194372690_1840022060456074353_n
2025/07/08 10:09:13Their Majesties the Emperor and Empress of Japan Officially Welcomed
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