Mārtiņš Kazāks will be government nominee to head Latvian central bank

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As anticipated, on December 3 economist Mārtiņš Kazāks was put forward by the ruling coalition as its pick to become the next governor of the Latvian central bank, Latvijas banka (LB), reported LTV.

The announcement was made at Saeima, where the required 10 deputies from all five parties in the coalition agreed to put their names on the nomination paper.

A debate and vote on Kazāks' candidacy will likely take place December 12, LTV added.

Kazāks has worked for Swedbank and the Ministry of Finance. He has also worked as a lecturer at the Stockholm School of Economics in Riga and elsewhere and is a former member of the President's Strategic Analysis Commission, and a member of the Fiscal Discipline Council.

He holds a Bachelor's degree in Economics from the University of Latvia in 1995 and graduated in economics from the University of Cambridge in 1996. He received a Master's degree in economics from the University of London in 1997 and a doctorate in economics in 2005. A summary of his qualifications is provided by LB online.

The mandate of the current governor, Ilmārs Rimšēvičs, comes to an end on December 21.


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