NATO Secretary General Jens Stoltenberg revealed that he would like to accept another role, and his name was on the list for candidates for the position of Norwegian Central Bank Governor.
The bloc’s Secretary General has confirmed that he is vying for the job of Norway’s next Central Bank head. “The finance ministry contacted me in November and asked whether I would consider applying for the position. I’ve done that now and this is a job I’m very motivated for,”He told NTB Norwegian news agency.
On Tuesday, the Norwegian Finance Ministry published a list of 22 potential candidates. His name was indeed on it. There are also some other candidates: a number of students between 18-20 years, several store workers, a baker and several retired people. That does not mean that it would be easy for the NATO chief to snatch the position: Ida Wolden Bache – the central bank’s deputy governor, considered by some economists as the leading contender – is on the list as well.
An economist by training, Stoltenberg previously served as Norway’s finance minister, and also headed the nation’s government twice between 2000 and 2001, as well as between 2005 and 2013, before taking up the position of the NATO Secretary General in 2014.
Although the Central Bank would open its doors on March 1, Stoltenberg would need to wait for his NATO term to end in September 2022 to apply before he could take the job, according to the secretary-general.
If he does get the job, he will be in charge of setting Norway’s interest rates as well as overseeing the nation’s sovereign wealth fund, which is considered one of the biggest in the world with assets of $1.4 trillion. It is anticipated that the new governor will take office in January next year and be there for six years.