Norway doubles investment in Israel

Thursday, July 26, 2007 |  by Staff Writer

The Norwegian government is under fire from left-wing lawmakers after the nation's official pension fund doubled its investment in Israeli government bonds this year.

Norway's Government Pension Fund Global purchased $87.4 million in Israeli government bonds over the past 12 months, reported Israel National News.

Critics from socialist and leftist parliamentary factions insisted the investment will allow Israel to “continue to persecute the Palestinians by building the separation wall, build new settlements and continue its occupation policy.”

Undersecretary of State in the Finance Department, Bjoern Arild Gram responded that he would not allow the pension fund to be used as a means of economic pressure on the Jewish state.

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