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The task is to lead the work when the world’s leading finance ministers and central bank governors agree on the approach to the work of the International Monetary Fund (IMF).
– It is a three-year term. But you have to be a minister to sustain it, says Magdalena Andersson.
Great confidence
She will be the first Swede in a senior position at the IMF in more than 50 years.
– It is a great confidence, especially for Sweden as a country, he adds.
She was nominated for the position by the EU finance ministers last fall, under the leadership of German Finance Minister Olaf Scholz.
The IMFC normally meets twice a year in conjunction with the IMF’s annual and spring meetings, which are typically held in Washington in April and October.
The main objective of the IMF is to maintain the stability of the global financial system, with support for countries in crisis and advice on economic policy.
Opportunity for the government
Will it take time away from your job as finance minister?
– It is clear that before those meetings, I will need some time and energy to meet and unite the will on how the IMF institution should be promoted. There will be some extra work, he says.
On the second scale, he adds that the allocation gives the Swedish government access to scenarios that normally only large countries have access to.
