Jens Stoltenberg becomes Norway’s central bank governor

Jens Stoltenberg

From NATO to the Norwegian Central Bank.

(Photo: AP)

Oslo Jens Stoltenberg is still required as crisis manager in the Ukraine crisis, but the 62-year-old will devote himself to other tasks in the near future: Stoltenberg will be the new head of the Norwegian central bank, as the Norwegian Ministry of Finance announced in Oslo on Friday.

He will probably take office in early December. This means that the NATO states still have some time before deciding on his successor.

Until Stoltenberg can take over the post, the deputy head of the central bank, Ida Wolden Bache, is to fill the position on an interim basis from March. Wolden Bache had also been considered as a candidate for the post of head of the central bank.

Stoltenberg’s candidacy for the post of head of the central bank was controversial because of his close friendship with the Social Democratic Prime Minister Jonas Gahr Støhre.

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As NATO Secretary General, he is currently particularly concerned with the conflict between Russia and Ukraine. The Western military alliance made up of 30 European and North American countries fears that Russian troops could invade the neighboring country.

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