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The IMF elects Nadia Calviño to chair the committee responsible for the institution's policies

2021-12-25T15:26:19.810Z

The economic vice president of the Government may reconcile the position with her work in the Spanish Executive



The International Monetary Fund (IMF) has elected this Thursday Nadia Calviño, First Vice President and Minister of Economic Affairs and Digital Transformation, to chair the International Monetary and Financial Committee (IMFC, in its acronym in English), the governing body of the policies of the Bottom.

Calviño will replace the Swedish Minister of Finance, Magdalena Andersson, the first woman at the helm of the IMFC, who will leave at the end of the month the position to which she acceded on January 18, 2021 to assume the head of Government in her country, reported the committee in a statement.

Calviño will hold this position for two years, effective as of January 3, the two remaining to Andersson, and she will be able to reconcile her work at the Fund with her duties as economic vice president in Spain.

The IMFC normally meets twice a year, in the spring and on the occasion of the big fall meeting of the Fund and the World Bank.

The next call is scheduled for April 21 in Washington.

The

number two

of the Spanish Executive has had the unanimous support of the Ministers of Economy and Finance of the European Union (Ecofin) for the appointment, who aspired to guarantee the presence of a European in one of the institution's command centers, based in Washington.

The IMFC is made up of 24 members who reflect the composition of the IMF's executive board. Each member country or group of countries that elects an executive director also appoints a member of the committee, who plays a “key strategic guiding role” in IMF policies, according to the agency's statement, by advising and reporting to the IMF. governing board on the supervision and management of the international monetary and financial system, including responses to developments in events that, such as pandemic or global supply chain congestion, may disrupt the system.

With Calviño, the IMF board is betting once again on the appointment of a woman to a key committee.

The international organization is headed by Kristalina Georgieva, managing director, and number two, Gita Gopinath, until recently the organization's chief economist and head of the analysis department.

Source: elparis

All business articles on 2021-12-25

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