The World Bank has proposed to Norways sovereign wealth fund, known as the oil fund, to invest 1 percent of its wealth, or 2,488 billion US dollar more than today, in Africa, newspapers reported Wednesday.
The proposal from World Bank President Robert Zoellick has come as the Norwegian Government is due to present a proposal for new ethical guidelines for the fund, formally named The Government Pension Fund – Global, in the spring of 2009.
Kilde: www.worldbank.org