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Ceturtdiena 02.04.2020 | Name days: Imgarde, Irmgarde
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Latvia’s ruling coalition picks Kazāks to govern Bank of Latvia

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candidate, coalition, Bank of Latvia, Uldis Cērps

Mārtiņš Kazāks

On 2 December evening Latvia’s ruling coalition agreed to pick Mārtiņš Kazākš as the chosen candidate to lead the Bank of Latvia, according to unofficial information from LETA.

After the 2 December meeting of coalition parties council, Prime Minister Krišjānis Kariņš told journalists that parties forming the coalition sorted through all submitted candidates, leaving only two – Mārtiņš Kazākš and Finance and Capital Market Commission chairman Uldis Cērps.

The New Conservative Party decided in the evening that it is prepared to support Kazāks as a candidate even though initially the party had decided to support Cērps.

Parties of the coalition had stressed multiple times it is necessary to agree on a single candidate for the posting of governor of the Bank of Latvia to prevent a situation when high-rank official’s election is decided by votes of opposition politicians.

Read also: Informal talks commence about Bank of Latvia governor’s possible successor

After the meeting of the coalition it was planned to continue discussions in the morning. However, unofficial information states that parties forming the coalition have agreed on a single vision, agreeing to pick Kazāks.

As it is known, Saeima’s Praesidium and Faction Council decided to extend until 3 December the candidate submission term. This extension provides additional time for the coalition to continue discussions about the most appropriate candidate.

Previously other candidates included Fiscal Discipline Council member Inna Šteinbuka and Altum board member Reinis Bērziņš.


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