On Monday, 31 May, Norges Bank and the Ministry of Finance will be hosting a webinar to mark the 25th anniversary of the first transfer to the Government Pension Fund Global. The webinar will be livestreamed and is open to the general public.
On 30 May 1996, Sigbjørn Johnsen, the Minister of Finance at the time, made the first transfer of almost 2 billion kroner to the “Government Petroleum Fund”. Twenty-five years later, the Norwegian oil fund has grown to more than 11 000 billion kroner. On 31 May, you will meet some of the key players during these 25 years. What dilemmas have they faced, how were crucial decisions taken, and what has it meant for the development of the Norwegian society in the 21st century?
Listen to Sigbjørn Johnsen and Jan Tore Sanner discuss with Knut Kjær the challenges facing a minister of finance in 1996 and in 2021. Kristin Halvorsen and Siv Jensen will be interviewed by Yngve Slyngstad about political support for the management of the fund.
Jens Stoltenberg, Arne Skauge, Øystein Olsen and Svein Gjedrem will talk with Einar Lie about the establishment of the fund and the fiscal rule and what they have meant for the Norwegian economy.
Ola Svenneby, Sondre Hansmark and Astrid Hoem will discuss challenges for the management of the fund and the framework ahead in a conversation with Anne Rokkan, and Nicolai Tangen will share his thoughts about how the fund is managed today.
You will also meet VG’s “oil fund boy”, the newspaper journalist Thomas Kragerud, and hear his thoughts about the fund’s position in the minds of the Norwegian people.
About the webinar
The webinar can be watched live at nbim.no, norges-bank.no and regjeringen.no. The webinar will be available for later viewing.
Media and other websites with web TV may host the webinar on their websites. A publishing point will be established by our provider NEP Broadcast Services. Please contact norgesbank.no@nepgroup.com to request an agreement on the use of a publishing point.
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