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Strategy 2022 Strategy 2022 Laid Down by the Executive Board
STRATEGY 2022 STRATEGY 2022 LAID DOWN BY THE EXECUTIVE BOARD One Bank The strategy for the period to 2022 marks a new contribute to cost-efficient solutions and under- chapter in Norges Bank’s more than 200-year- line the Bank as a single organisation. At the long history. The Storting (Norwegian parliament) same time, the two operational areas will retain has passed a new central bank act, thereby their distinctive professional characteristics and establishing the framework for the Bank’s tasks responsibility for performance. and activities ahead. In following up these changes, it is now natural The main features of Norges Bank’s activities are for the Executive Board to present a compre- retained in the new act. While our mission hensive strategy for the whole of Norges Bank remains the same, the Bank’s independence has that provides guidance for the organisation over been more clearly defined. Our responsibility as the next three years. In addition, the Executive manager of the Government Pension Fund Global Board has approved a strategy for management (GPFG) is now enshrined in law. At the same time, of the GPFG, in accordance with the Bank’s the governance structure of Norges Bank has mandate. been changed as the Storting has established by statute an expert committee for monetary policy As a nation, we increasingly depend on the world and financial stability. The Executive Board will around us. The global backdrop is characterised continue to be responsible for overall governance by turbulence and uncertainty associated with of the Bank, tasks within the payment system, trade barriers, the risk of a global downturn and and management of the GPFG and the Bank’s geopolitical instability. -
Norges Bank Norway
Norges Bank Norway Active This profile is actively maintained Send feedback on this profile Created before Nov 2016 Last update: Mar 23 2021 About Norges Bank Norges Bank, established in 1816, is the central bank of Norway. The bank does not offer any banking services to the general public. Its mandate is to promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank, via its subsidiary Norges Bank Investment Management, manages Norway's foreign exchange reserves and the Government Pension Fund Global, also known as the Oil Fund, which was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. This is the largest sovereign wealth fund in the world. Website http://www.norges-bank.no Headquarters Bankplassen 2 0151 Oslo Norway CEO/chair Øystein Olsen Chairman Supervisor Annual report Annual report 2020 Ownership Norges Bank is owned by the Norwegian state. Complaints and grievances Sustainability Voluntary initiatives Norges Bank has committed itself to the following voluntary standards: Extractive Industries Transparency Initiative Principles for Responsible Investment (PRI) United Nations Global Compact Investment policies Norges Bank Investment Management's webpage on corporate social responsibility can be accessed here. Exclusion of companies Elco, Ashtrom Group, Electra and Oil & Natural Gas Corp. Exclusion due to unacceptable risk that -
Evaluation Department Content
EVALUATION DEPARTMENT CONTENT PREFACE ............................................................................. 3 REPORT 11/2018 ACKNOWLEDGEMENTS ........................................................ 4 EXECUTIVE SUMMARY ........................................................ 5 1. INTRODUCTION ............................................................ 11 1.1 The context: Human rights in the Norwegian development cooperation and UNGP ............................. 11 1.2 The Evaluation ............................................................. 14 2. APPROACH AND METHODOLOGY .................................. 16 2.1 Systems analysis ......................................................... 17 2.2 Country case studies .................................................... 18 2.3 Limitations .................................................................. 19 3. SYSTEMS ANALYSIS ...................................................... 21 3.1 The Ministry of Foreign Affairs (MFA) .............................. 21 3.2 The embassies ............................................................ 26 3.3 Norad .......................................................................... 29 3.4 Norfund ....................................................................... 32 3.5 GIEK............................................................................ 38 3.6 Innovation Norway ........................................................ 41 3.7 Summary ..................................................................... 44 UNGP, Human Rights -
On Institutions – Fundamentals of Confidence and Trust
ON INSTITUTIONs – FUNDAMENTALS of CONFIDENCE AND TRUST A COLLECTION of ARTICLES BASED ON PRESENTATIONS AT A SEMINAR ARRANGED BY NoRGES BANK AND THE NoRWEGIAN ACADEMY of SCIENCE AND LETTERS ON 12 NoVEMBER 2013 NoRGES BANKS SKRIFTSERIE OCCASIONAL PAPERS NO. 47 Norges Banks skriftserie / Occasional Papers can be ordered by e-mail: [email protected] or from Norges Bank, Subscription Service P.O.Box 1179 Sentrum N-0107 Oslo ©Norges Bank 2013 The text may be quoted or referred to, provided that due acknowledgement is given to the authors and Norges Bank. Views and conclusions expressed in this paper are the responsibility of the authors alone. Previously issued in this series: (Prior to 2002 this series also included doctoral dissertations written by staff members of Norges Bank. These works are now published in a separate series: ”Doctoral Dissertations in Economics”.) Nr. 1 Leif Eide: Det norske penge- og kredittsystem, Oslo 1973, No. 25 Ingunn M. Lønning: Controlling Inflation by use of the utgått, erstattet med nr. 23 Interest Rate: The Critical Roles of Fiscal Policy and No. 1 Leif Eide: The Norwegian Monetary and Credit System, Government Debt, Oslo 1997 (Doct.d.) Oslo 1973, replaced by No. 23/24 No. 26 ØMU og pengepolitikken i Norden, Oslo 1998 Nr. 2 En vurdering av renteutviklingen og rentestruk turen i No. 27 Tom Bernhardsen: Interest Rate Differentials, Capital Norge, Oslo 1974 Mobility and Devaluation Expectations: Evidence from No. 3 Arne Jon Isachsen: The Demand for Money in Norway, European Countries, Oslo 1998 (Doct.d.) Oslo 1976 No. 28 Sentralbanken i forandringens tegn. -
Innhold • Karl Johan • Nei, TUBFRIM Er Ikke Nedlagt • 3
KILDENTidsskrift for Oslo Guideforening sommernummer 2011 Foto: Wenche M. Wangen Foto: Wenche • • Området rundt Solli plass Innhold • Karl Johan • Nei, TUBFRIM er ikke nedlagt • 3. juni 2011 - Brann og redning 150 år. • Tøyengata – et nyrikt stykke Norge • Kvinnedag, Rogstad og Bonnevie i jubileumsåret 2011 • Skjulte Grosch-skatter i Storgata • Østensjøvannet • Intervju med ordføreren • Alnaelva, en av Oslos viktigste, men ”glemte” elver. • Uret ved Universitetsplassen • Guidefi losofi – et hjertesukk • Statuene på Universitetsplassen • Ekeberg – Oslos viktigste fjell • Akershus slott og festning • Hvordan Frammuseet ble til og Framkomitéens rolle. • Norrøn mytologi – Skiguden Ull • Statsbesøk på Fram. • Munch på Tøyen – en sjokkerende beretning • Kirkerovet i Mariakirken i Oslo høsten 1529 • Munch i Universitetets Aula. • Eksplosjonsulykken i Kings Bay-gruven på Svalbard • Navnet er Operatunnelen • Politiske ettervirkninger av Kings Bay-ulykken 1 1 STYRET I OSLO GUIDEFORENING INNHOLDSFORTEGNELSE Styret i Oslo Guideforening Marie B. Berg Arild Eugen Johansen Kirsten Elmar Mikkelsen Norges Guideforbunds landsmøte/årsmøte 2011 ..........................................................................................................................................................................5 2010/11: (nestleder) (styremedlem) (varamedlem) Tøyengata – et nyrikt stykke Norge av Tone Huse. Wenche M. Wangen .....................................................................................................................................6 -
Doublethink: the Two Faces of Norway's Foreign and Development
Doublethink: THE TWO FACES OF NORWAY’S FOREIGN AND DEVELOPMENT POLICY By Mark Curtis Mark Curtis er rådgiver på internasjonale utviklingsspørsmål og utenrikspolitisk analytiker. Han har skrevet fem bøker om britisk utenrikspolitikk og internasjonal utvikling, inkludert den kommende Secret Affairs: Britain’s Collusion with Radical Islam og bestselgeren Web of Deceit: Britain’s Real Role in the World (Vintage, 2003). Han har skrevet flere rapporter for frivillige organisasjoner om næringslivet, mat og landbruk, miljø, gruvedrift, handel og økonomiske spørsmål. Han har ledet World Development Movement, ledet policyavdelingen i ActionAid og Christian Aid, og vært stipendiat ved Royal Institute of International Affairs (Chatham House). Nettsider: www.curtisresearch.org og www.markcurtis.info. Rapporten er skrevet av Mark Curtis på oppdrag fra Forum for Utvikling og Miljø (ForUM). Synspunktene i denne rapporten er forfatterens, og reflekterer ikke nødvendigvis ForUMs synspunkter. Forsidefoto: Jonas Gahr Støre, Norges utenriksminister. Foto: Torbjørn Sønstrød. Utgitt: Første gang utgitt januar 2010. Rapporten kan lastes ned fra www.forumfor.no. FORORD Av Elin Enge, daglig leder, Forum for Utvikling og Miljø «Inntektene en stat innhenter, hvordan de innhentes, og måten den bruker dem på, definerer statens natur». Slik lyder den amerikanske oljestatsforskeren Terry Lynn Karls tese. Hva er så Norges natur? Om den finnes, er den neppe like ren som snø eller våre fjorder. Og langt mindre kjent. Noen av de største utfordringene i verden i dag er å takle klimakrisen, bekjempe fattigdom og å dempe og forebygge krig og konflikt. Dette er områder hvor Norge anser seg for å være foregangsland. Da utenriksministeren i fjor kom med den såkalte Refleksmeldingen om hovedlinjene i utenrikspolitikken – den første på tjue år – ble slike utfordringer betegnet som ”Norges utvidede egeninteresser”. -
The Petroleum Fund Mechanism and Norges Bank's Foreign Exchange Purchases for the GPFG
No. 14 | 2012 Economic commentaries Market Operations and Analysis The petroleum fund mechanism and Norges Bank’s foreign exchange purchases for the GPFG Ellen Aamodt* *The views expressed in this article are the views of the author and do not necessarily reflect the views of Norges Bank The petroleum fund mechanism and Norges Bank's foreign exchange purchases for the GPFG Ellen Aamodt, Market Operations and Analysis, Norges Bank Markets and Banking Services. The Norwegian government receives substantial revenues from the petroleum sector. These revenues are in both foreign currency and Norwegian kroner. Some of the oil revenues are absorbed in the Norwegian economy by being used to finance the nonoil budget deficit. The remainder is transferred to the Government Pension Fund Global (GPFG). Because the GPFG is invested in its entirety in foreign currency, the government's NOK revenues for the GPFG must be exchanged for foreign currency. Norges Bank performs the task of purchasing foreign exchange for the GPFG for the Ministry of Finance. This commentary describes how the government's revenues from the petroleum sector are channelled to the GPFG, how portions of these revenues are phased into the Norwegian economy and how Norges Bank calculates the foreign exchange purchases for the GPFG. The commentary also shows the relationship between the petroleum fund mechanism and the NOK exchange rate, and the level of reserves in the Norwegian banking system. What is the petroleum fund mechanism? The Government Pension Fund Global (GPFG) was established in 1990, then under the name “Government Petroleum Fund”. The first transfer to the fund took place in 1996, and as at February 2012, the fund had increased in size to over NOK 3.4 trillion. -
The Krone and the Interest Rate
The krone and the interest rate By Central Bank Governor Svein Gjedrem, Norges Bank, Dagens Næringsliv, 6 July 2001. On March 29, the Government approved a new operational target for monetary policy. Norges Bank shall set the key rate with a view to maintaining low and stable inflation. The inflation target is set at 21/2 per cent. We no longer have a specific exchange rate target for the Norwegian krone. The krone is floating. Nevertheless, developments in the krone exchange rate are still very important when Norges Bank sets the interest rate. This is due to a number of factors: Changes in the krone exchange rate affect prices measured in NOK for imported consumer goods and services. Bearing in mind that imported goods are used in Norwegian production, the rise in prices for imported goods and services combined determine nearly 40 per cent of consumer price inflation. Developments in the krone have an impact on earnings in companies in the internationally exposed sector, which have also traditionally been wage leaders. Changes in the exchange rate affect the competitiveness of Norwegian business and industry as well as demand at home and abroad. Thus, the activity level in the economy is affected. As the Norwegian and international money and capital markets become more integrated, changes in the exchange rate will be increasingly important. Changes in the exchange rate generate wealth gains and losses for Norwegian households and enterprises. The value of the Norwegian krone will vary, as exchange rates do in most countries. There are many reasons for fluctuations in the exchange rate. -
Essays on the Microstructure of Stock Markets : Empirical Evidence From
DOCTORAL DISSERTATIONS IN ECONOMICS NO. 5 R ANDI N ÆS • Essays on the microstructure of stock markets: Empirical evidence from trading arrangements without dealer intermediation Essays on the microstructure of stock markets: Empirical evidence from trading arrangements without dealer intermediation ISSN 1503-0741 (printed), 0809-652X (online) ISBN 82-7553-309-0 (printed), 82-7553-310-4 (online) Randi Næs NO. 5 Economics Dissertations in Doctoral 33340 The series Doctoral Dissertations in Economics is issued by Norges Bank (Central Bank of Norway) and contains doctoral works produced by employees at Norges Bank, primarily as part of the Bank's research activities. The series is available free of charge from: Norges Bank, Subscription Service E-mail: [email protected] Postal address: PO Box 1179 Sentrum N – 0107 Oslo Norway Previous publication of doctoral dissertations from Norges Bank: (Prior to 2002, doctoral dissertations were published in the series Occasional Papers) Ragnar Nymoen: Empirical Modelling of Wage-Price Inflation and Employment using Norwegian Quarterly Data. (Occasional Papers no. 18, Oslo 1991) Bent Vale: Four essays on Asymmetric Information in Credit Markets. (Occasional Papers no. 20, Oslo 1992) Birger Vikøren: Interest Rate Differential, Exchange Rate Expectations and Capital Mobility: Norwegian Evidence. (Occasional Papers no. 21, Oslo 1994) Gunnvald Grønvik: Bankregulering og bankatferd 1975 – 1991. (Occasional Papers no. 22, Oslo 1994) Ingunn M. Lønning: Controlling Inflation by use of the Interest Rate: The Critical Role of Fiscal Policy and Government Debt. (Occasional Papers no. 25, Oslo 1997) Tom Bernhardsen: Interest Rate Differentials, Capital Mobility and Devaluation Expectations: Evidence from European Countries. (Occasional Papers no. -
The Situation of Women and Girls in Norway: Development, Progress and Measures 2014–2019
Beijing +25 The situation of women and girls in Norway: Development, progress and measures 2014–2019 1 Table of contents 1 About the report .................................................................................................................. 5 2 Framework for Norwegian gender equality policy ............................................................. 6 2.1 Legal framework .......................................................................................................... 6 2.2 The Ministry of Culture: general and coordinative responsibility .............................. 6 2.2.1 The Norwegian Directorate of Children, Youth and Family Affairs (Bufdir) ..... 7 2.2.2 Equality and Anti-Discrimination Ombud ........................................................... 7 2.2.3 Anti-Discrimination Tribunal ............................................................................... 8 2.3 The principle of sectoral responsibility ....................................................................... 8 2.4 All employers have a duty to promote gender equality ............................................... 8 2.4.1 Proposal to expand the duties to promote gender equality and to report on this work 10 2.5 The role of the County Governor .............................................................................. 10 2.6 The role of the municipalities .................................................................................... 10 2.7 Key players in the field ............................................................................................. -
Compilation of Recommendations to Norway. the UN Human Rights
Compilation of Recommendations to Norway The UN Human Rights Monitoring Bodies 2017–2020 Supplementary reports NIM Reporting ministries Ombudspersons Civil Society Organisations Ministry of Justice and Public Security Ministry of Children and Families Ministry of Culture Ministry of Foreign Affairs Recommendations The Human Rights Committee (CCPR) The Committee on Economic, Social and Cultural Rights (CESCR) The Committee against Torture (CAT) The Committee on the Elimination of Racial Discrimination (CERD) The Committee on the Elimination of Discrimination against Women (CEDAW) The Committee on the Rights of the Child (CRC) The Committee on the Rights of Persons with Disabilities (CRPD) The Human Rights Council (Universal Periodic Review) 5. ECONOMIC, SOCIAL AND CULTURAL RIGHTS 26 Contents 5.1 Right to adequate housing 26 Housing 26 5.2 Right to social security 27 Social security (pension) 27 5.3 Poverty 27 GUIDANCE 8 Poverty (child poverty) 27 5.4 Labour rights 27 WHERE TO FIND THE ORIGINAL DOCUMENTS? 10 Occupational safety and health 27 5.5 Right to health 28 1. RIGHT TO PHYSICAL AND MORAL INTEGRITY 12 Drug use 28 1.1 Prevention and punishment of violence (gender-based, sexual, domestic) 12 5.6 Right to education 28 Violence against women and girls 12 School education 28 Gender-based violence against women 13 Violence against women 14 6. EQUALITY AND NON-DISCRIMINATION 29 1.2 Trafficking and exploitation 15 6.1 Gender equality 29 Wage gap 29 2. LIBERTY AND SECURITY OF THE PERSON AND TREATMENT IN Employment of women 29 CUSTODY 17 Equality -
Annual Report 2015 / 10-Year Anniversary Booklet
DEMOCRACY BUILDING IN A TURBULENT WORLD THE OSLO CENTER 10 YEAR ANNIVERSARY 2006 – 2016 Peace Democracy Human Rights CONTENT FOREWORD PAGE 5 INTRODUCTION PAGE 6 THE VISION BEHIND THE OSLO CENTER PAGE 6 MAKING IDEAS FLY PAGE 7 THE WAY FORWARD PAGE 9 DEMOCRACY ASSISTANCE PAGE 10 THE OSLO CENTER APPROACH PAGE 17 ARTICLES PAGE 19 HUMAN RIGHTS IN NORWAY’S FOREIGN AND DEVELOPMENT POLICY PAGE 19 INTER-RELIGIOUS DIALOGUE PAGE 24 CURRENT PROJECTS PAGE 31 SOMALIA – Small but important steps towards democracy PAGE 31 KENYA – Strengthening democratic processes PAGE 33 SOUTH SUDAN – Youth dialogue as a way to inclusive participation PAGE 36 BURMA/MYANMAR – Youth engagement: a prerequisite for democracy PAGE 38 NEPAL – Strengthening democracy through effective implementation of the new Constitution PAGE 41 UKRAINE – Cross party cooperation and coalition building PAGE 42 THE KYRGYZ REPUBLIC - Strengthening democratic processes and human rights PAGE 45 SUSTAINABLE MANGEMENT OF NATURAL RESOURCES - Underpinning democracy and economic growth PAGE 46 THE UNIVERSAL CODE OF CONDUCT ON HOLY SITES – Inter-religious efforts to protect holy sites PAGE 48 CONCEPT DEVELOPMENT – Oslo Center publications, handbooks and guides PAGE 50 FORMER PROJECTS PAGE 54 UN MISSION TO THE HORN OF AFRICA - Special Humanitarian Envoy to the region PAGE 54 DIALOGUE FOR RESPECT AND UNDERSTANDING – The islamic world and the west PAGE 56 RELIGION AND DEVELOPMENT - Greater expertize needed on how religion influences societal development PAGE 58 HUMAN RIGHTS REPORT ON ERITREA - Report on