Swedish FinMin to chair key IMF body

Photo: EPA Magdalena Andersson

The Swedish Finance Minister Magdalena Andersson was named by the International Fund to head the key steering committee. Thus Europe is regaining the leading position for the first time in more than 12 years, Reuters said.

Andersson will be the first woman to chair the International Monetary and Financial Committee and will serve a three-year term effective Jan. 18, 2021, the IMF said. She succeeds Lesetja Kganyago, governor of the South African Reserve Bank. The IMFC, a 24-member body made up of finance ministers and central bank governors representing member states, is the primary policy advisory body for the global crisis lender and normally meets twice a year at the IMF’s Spring Meetings and Annual Meetings.

In October, the committee said that broad debt relief and equitable access to Covid-19 vaccines was crucial to avoiding “long-lasting scars” for the world’s poorest economies.

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