EU nominates Swedish finance minister Magdalena Andersson to head IMFC By Reuters

© Reuters. Swedish Finance Minister Magdalena Andersson and Minister for Monetary Marketplaces and Housing For each Bolund converse for the duration of a news meeting in Stockholm

BERLIN (Reuters) – European Union member states have agreed to nominate Swedish Finance Minister Magdalena Andersson to head the Global Financial and Economic Committee (IMFC), German Finance Minister Olaf Scholz reported on Tuesday.

Scholz announced the determination right after a digital assembly of EU finance ministers at which details had been also agreed on how to spend out revenue from the bloc’s recovery fund.

The IMFC is the steering system of the Worldwide Financial Fund, which is primarily based in Washington.

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