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While Norwegian oil extraction yields large profits, this money is generally not introduced to the Norwegian economy. Rather, it is invested abroad to preserve it for the welfare of future generations, when a changing demographic will make the current pensions system more expensive to uphold. The money is meant to be used when the tax contribution from the working population can no longer cover...

"The lessons from the Norwegian experience in this area are clear: The development of good institutions and broadly supported national policies are essential to securing that natural resources become a blessing rather than a curse", says Norad Director Villa Kulild.

The Government of Norway has pledged a new contribution of NOK 6,000,000 (approximately US$ 1 million) to the international component of the Extraordinary Chambers in the Courts of Cambodia (ECCC).

Norway’s Permanent Representative to the UN and other international organisations in Geneva, Ambassador Steffen Kongstad, visited Thailand and Cambodia in January 2013 in his capacity as President of the Third Meeting of States Parties to the Convention on Cluster Munitions. The visit was part of a tour on the South East Asian mainland (Thailand, Lao PDR, Vietnam, Cambodia) to promote the...