World News | NATO Chief Applies for Job as Norway's Central Bank Governor

Copenhagen, Dec 14 (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.

Also Read | UK High Court Begins Hearing Nirav Modi's Appeal Against Extradition to India.

Stoltenberg told Norwegian news agency NTB on Tuesday that 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,” Stoltenberg told NTB. “I have made it clear to the Finance Ministry that if I get the position, it will not be possible for me to join until my period with NATO expires on Oct. 1.”

Also Read | Omicron Scare: WHO Expects Increase in Number of Deaths, Hospitalisations From New COVID-19 Variant.

The central bank confirmed that Stoltenberg applied for the position.

Stoltenberg, a former prime minister in his native Norway, 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 defence.

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. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)