Norway’s $2 Trillion Wealth Fund Cuts Ties with Caterpillar Over Gaza Concerns Oslo – Norway’s $2 trillion sovereign wealth fund, the world’s largest, announced last week that it has divested from U.S. construction giant Caterpillar on ethical grounds. The decision comes amid concerns that the company’s equipment is being used by Israeli authorities in Gaza […]
Norway’s Wealth Fund Dumps Caterpillar, Israeli Banks Over Rights Concerns OSLO – Norway’s $1.6 trillion sovereign wealth fund has pulled its investments from U.S. machinery giant Caterpillar and five Israeli banks, citing what it called an “unacceptable risk” of involvement in human rights violations linked to the war in Gaza and Israeli settlement activity. The […]
As per details, discussions will focus on green budgeting, climate spending tagging, tracking, and reporting. For the upcoming fiscal year 2025-26, the government is considering imposing a carbon levy, with initial proposals set to be discussed in the next round of negotiations. The IMF delegation is expected to provide recommendations regarding the levy. The talks, […]
When asked about the staff-level agreement, IMF Communication Director Julie Kozack – while addressing a press briefing – avoided answering, indicating that the negotiations are still ongoing. “Right now, a mission team led by Nathan Porter is meeting with Pakistan authorities this week to discuss the next phase of our engagement.” She said: “On April […]
