IMF steering committee picks first woman chair

Dec 18, 2020 10:35 AM PHT

Agence France-Presse

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IMF steering committee picks first woman chair

NEW POST. In this file photo, Swedish Finance Minister Magdalena Andersson (L) and European Commissioner for Economic and Financial Affairs, Taxation, and Customs Pierre Moscovici attend an Economic and Financial Affairs Council meeting in Brussels, Belgium, on May 25, 2016.

Photo by Emmanuel Dunand/AFP

Swedish Finance Minister Magdalena Andersson will head the International Monetary and Financial Committee for 3 years

The International Monetary Fund (IMF)‘s steering committee on Thursday, December 17, picked Sweden’s Finance Minister Magdalena Andersson to lead the group, the first woman to hold that position.

Andersson will serve for 3 years atop the International Monetary and Financial Committee (IMFC), the group of finance ministers and central bankers that advises the Washington-based crisis-lender’s board.

She succeeds Lesetja Kganyago, governor of the South African Reserve Bank, who has chaired the IMFC since January 18, 2018.

Andersson has been finance minister since October 2014, and held numerous posts in the Swedish government.

The 24-member committee meets twice a year, typically in April and October when IMF and World Bank members gather for the spring and annual meetings.

The two meetings in 2020 were held virtually due to the COVID-19 pandemic, but the next meeting is scheduled to be held on April 10, 2021, in Washington. – Rappler.com