NATO chief applies for job as Norway’s central bank governor

Dec 13, 2021, 1:39 PM | Updated: Dec 14, 2021, 4:15 am
NATO Secretary General Jens Stoltenberg, left, attends media conference with French Foreign Ministe...

NATO Secretary General Jens Stoltenberg, left, attends media conference with French Foreign Minister Jean-Yves Le Drian and French Defence Minister Florence Parly in Paris, Friday, Dec. 10, 2021. (Bertrand Guay/Pool Photo via AP)

(Bertrand Guay/Pool Photo via AP)

COPENHAGEN, Denmark (AP) — NATO Secretary-General Jens Stoltenberg said Tuesday that he has applied to be the next governor of Norway’s central bank in an appointment that would last for six years if he gets the job.

The current governor of Norges Bank, Oeystein Olsen, is retiring in early 2022 after holding the position since Jan. 1, 2011 for two terms. Stoltenberg’s tenure at NATO ends next year.

Stoltenberg said he was contacted by Norway’s Finance Ministry in November and asked if he would consider applying.

“I have now done that, and this is a job I am very motivated for,” the NATO chief said in a statement. Stoltenberg added that the Finance Ministry in Oslo “has clarified that my background as former Prime Minister and Secretary General of NATO does not conflict with the central bank’s rules on who can hold this position.”

Stoltenberg said he had made it clear to the Finance Ministry “that if I get the position, it will not be possible for me to start before my period in NATO expires on 1 October 2022.”

Norges Bank, the central bank,confirmed that Stoltenberg applied for the position.

Stoltenberg became NATO secretary-general in 2014. After a successful first term, his mandate at the trans-Atlantic alliance was extended to run through September 2022.

Stoltenberg has been praised for steering NATO through a difficult period under the Trump administration, when the U.S. threatened not to come to the aid of member countries that weren’t spending enough on defense.

U.S. President Joe Biden and his NATO counterparts are meeting in Madrid in June, where they are expected to nominate Stoltenberg’s successor.

On Tuesday, Norway’s government published a list of 22 candidates for the central bank job that includes Stoltenberg but also Norges Bank’s deputy governor, Ida Wolden Bache, who is also considered a top contender.

Stoltenberg was twice prime minister in Norway — from 2005 to 2013 and from 2002 to 2014 — and has been finance minister, and industry and energy minister. Norway isn’t a member of the European Union.


Lorne Cook in Brussels contributed to this report.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Associated Press

Putin signs laws annexing 4 Ukrainian regions

KYIV, Ukraine (AP) — Russian President Vladimir Putin on Wednesday signed laws absorbing four Ukrainian regions into Russia, a move that finalizes the annexation carried out in defiance of international law. Earlier this week, both houses of the Russian parliament ratified treaties making the Donetsk, Luhansk, Kherson and Zaporizhzhia regions part of Russia. The formalities […]
24 hours ago
A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securiti...
Associated Press

Hong Kong shares soar 6%, leading Asian market gains

TOKYO (AP) — Hong Kong’s share benchmark soared more than 6% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.8% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate hike was the fifth in a […]
24 hours ago
Serhiy Shvets, an employee at Europe's largest Zaporizhzhia Nuclear Power Plant, talks to the Assoc...
Associated Press

Ukraine nuclear workers recount abuse, threats from Russians

ZAPORIZHZHIA, Ukraine (AP) — Alone in his apartment in the Russian-occupied city of Enerhodar in southeastern Ukraine, nuclear plant security guard Serhiy Shvets looked out his kitchen window in late May and saw gunmen approaching on the street below. When his buzzer rang, he was sure he was about to die. Shvets, a former soldier […]
24 hours ago
Associated Press

Bus plunges into gorge in India; kills 25 on board

NEW DELHI (AP) — A bus in northern India plunged into a gorge, leaving at least 25 dead and 20 others injured, officials said. Police told the Press Trust of India news agency there were 45 to 50 people on board the bus, all of whom were part of a wedding party, when it fell […]
24 hours ago
FILE - A road is completely filled with a tall pile of debris from destroyed beachfront homes and b...
Associated Press

Ian deals blow to Florida’s teetering insurance sector

Daniel Kelly and his wife bought a 1977 doublewide mobile home in May for about $83,000 at Tropicana Sands, a community for people 55 and older in Fort Myers, Florida. But he ran into roadblocks when he tried to insure it. Managers at Tropicana Sands told him he likely wouldn’t be able to find a […]
24 hours ago
FILE - This undated photo provided by The Texas Department of Criminal Justice shows John Henry Ram...
Associated Press

Texas inmate who fought prayer, touch rules to be executed

HOUSTON (AP) — A Texas death row inmate whose case clarified the role of spiritual advisers in death chambers nationwide is scheduled for execution Wednesday, despite efforts by a district attorney to stop his lethal injection. John Henry Ramirez, 38, was sentenced to death for killing 46-year-old Pablo Castro, a convenience store clerk, in 2004. […]
24 hours ago

Sponsored Articles

Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
NATO chief applies for job as Norway’s central bank governor