Norway is set to lift a ban on investments in Syrian government bonds by its sovereign wealth fund, according to an official document seen by reporters.
Government Pension Fund Global, which is worth about $2.2 trillion, is the world’s largest sovereign wealth fund and often influences global investment trends.
The change is seen as a sign of Syria’s gradual return to international financial systems after years of war and isolation.
Policy Shift on Syria and Iran
The document shows that Syria will be removed from the list of countries excluded from government bond investments.
At the same time, Norway is planning to ban investments in Iranian government bonds, reflecting ongoing international sanctions on Tehran.
Syria has been working to rebuild its economy and financial institutions after more than a decade of conflict and sanctions.
Changes Linked to Sanctions Review
The decision was revealed in internal government meeting notes shared with Reuters.
Officials said the list of restricted countries is regularly reviewed based on international sanctions and global political conditions.
The updated list now includes Iran, North Korea, Russia, and Belarus, while Syria has been removed.
Wealth Fund’s Global Influence
The Norwegian fund invests state oil and gas revenues in global stocks, bonds, and other assets.
Although it is unclear whether the fund will immediately invest in Syrian bonds, the policy change is seen as a symbolic shift that could encourage other investors to reconsider their positions.
Experts say the fund’s decisions are closely watched worldwide and often influence other institutional investors.
Syria’s Financial Reconnection
Syria has also taken steps to reconnect with global banking systems, including restoring access to international financial channels after years of isolation.
This is part of broader efforts by the country’s leadership to attract foreign investment and rebuild its economy.
Final Note
Norway’s move does not guarantee immediate investment in Syrian bonds, but it signals a change in financial policy direction as global sanctions and geopolitical conditions continue to evolve.
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