The head of NATO became the head of the Central Bank of Norway. Who will take the vacant seat?

NATO Secretary General Jens Stoltenberg will become the head of the Central Bank of Norway, but only after 30 September.

In the struggle for the post of the head of the Central Bank of Norway, Stoltenberg successfully outperformed his competitors and for the next 6 years, as reported on the government’s website, was appointed its head. He could start his duties as early as March 1, when his predecessor Øystein Olsen vacates the position. However, Stoltenberg’s powers as NATO Secretary General expire only on September 30 this year, so Olsen’s deputy Ida Volden Bache will temporarily fulfill his duties and lead the Central Bank. She may have to do so until December 31, 2022.

The press service of the Norwegian government reports that 22 people applied for the post of head of the Central Bank: 21 men and one woman – Ida Volden Bache. Among the applicants are pensioners and students, scientists and managers, a plumber and a bus driver. Stoltenberg turned out to be the most competent and suitable, and he was chosen by the Norwegian Ministry of Finance. Among the factors that influenced the choice are the following advantages of the NATO Secretary General:

he is well versed in economics, monetary and fiscal policy, although he has no experience in the Central Bank; he perfectly feels the trends of international development, which is important for this area; has many years of experience in leadership positions – in 2000-2001 and in 2005-2013 he was the Prime Minister of Norway, held the positions of Minister of Trade and Industry, and Minister of Finance.

As noted on the government website, Stoltenberg combines “very good leadership qualities and very good communication skills.”

Who will become the secretary general of the alliance after him? According to the DPA agency, among the possible candidates are Dutch Prime Minister Mark Rutte, former EU High Representative for Foreign Affairs and Security Policy Federica Mogherini, former British Prime Minister Theresa May, Estonian Prime Minister Kaya Kallas and Romanian President Klaus Iohannis.



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