⁍ European Union member states have agreed to nominate Swedish Finance Minister Magdalena Andersson to head the International Monetary and Financial Committee.
⁍ The IMFC is the steering body of the International Monetary Fund, which is based in Washington.
⁍ Details were also agreed on how to pay out money from the bloc’s recovery fund.
– Swedish Finance Minister Magdalena Andersson is set to replace Christine Lagarde as the next head of the International Monetary Fund, the Wall Street Journal reports. A virtual meeting of EU finance ministers in Berlin on Tuesday approved Andersson’s nomination as the new head of the fund, which is based in Washington. Germany’s finance minister, Olaf Scholz, told reporters Andersson “is the right person for the job,” according to Reuters.
Source: https://www.reuters.com/article/eu-economy-ministers-imfc/eu-nominates-swedish-finance-minister-magdalena-andersson-to-head-imfc-idUSL8N2GX47S