What would a possible move by the NATO secretary general to head the World Bank mean?

Elena Panina (Елена Панина)
Director of the RUSSTRAT Institute

NATO Secretary-General Jens Stoltenberg's term of office may be extended until 2024, and then he has a good chance of becoming president of the World Bank, RIA Novosti reported citing the German Welt am Sonntag.

It seems that Stoltenberg's services to the collective West are very great indeed. After all, he was previously only planning to move to the position of head of the Norwegian Central Bank. — But what does this news mean if you look at it from a purely Russian domestic perspective?

Until recently, the Russian political class, with few exceptions, relied on the following definition: the US and NATO are our geopolitical adversaries, while the WB and IMF are some neutral, "supra-polar" financial and economic institutions, cooperation with which is necessary for the full-scale economic development of the country, and the signals coming from them are important benchmarks for assessing the effectiveness of government action.

— Any other views on the activities of the WB and the IMF were considered inadequate and marginal. Surprisingly, this perception of the World Bank is still present today.


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