Latvian Parties Agree on Kazaks for Top Central Bank Job: Leta

(Bloomberg) --

Latvia’s five-party coalition agreed to nominate central bank board member Martins Kazaks to become next governor after Ilmars Rimsevics’s term of office expires this month, Leta reports, citing “unofficial information.”

• Kazaks beat out former bank regulator Uldis Cerps, Leta reports
• Coalition extended deadline to make a nomination to Dec. 3, after failing to agree on Nov. 29.
• Prime Minister Krisjanis Karins said on Monday earlier that talks were expected to be completed on Tuesday
• Parliament would then need to confirm the choice in vote
• NOTE: Rimsevics is fighting charges that he accepted bribes from a commercial bank; his term of office expires on Dec. 21
• NOTE: Latvia Considering Three Candidates to Replace Rimsevics at ECB

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Sebastian Tong

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