This was discussed in an internal meeting of Norges Bank’s supervisory board, which supervises the bank. Here, questions were asked about the reasons for the fall in reputation and the use of resources on the fund’s podcast, writes E24.
Since March 2022, the fund’s podcast has been visited by profiles such as Elon Musk, Sam Altman and Jensen Huang.
According to Julie Brodtkorb, who heads Norges Bank’s representative board, it was explained during the meeting that the use of resources on the podcast is limited.
The oil fund is the world’s largest government investment fund, with a value of over NOK 19,000 billion, and the fund has stakes in most giant companies.
The fund measures its own reputation in the population through a survey with 1,000 respondents every two years. The board of representatives asked at the meeting, which was in June, what could be behind the fall in reputation.
Central bank governor Ida Wolden Bache replied that “the level is still high”, although there has been a decline, according to the minutes.
Communications manager Line Aaltvedt writes in an e-mail to E24 that the fund does not know exactly what causes the variations, but mentions that several respondents in January 2024 expressed concern about poorer finances and increased interest rates, as well as that they do not see how the fund is being used on today’s generations.
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