Anders Borg moves to World Economic Forum
Sweden's former finance minister Anders Borg, who earned worldwide respect for his response to the global financial crisis, is moving to the international stage as he takes up a new post at the World Economic Forum.
"It's going to be exciting, with lots of travelling," Borg told Swedish Radio.
Borg stepped into the role as Sweden's finance minister at the age of 38. Now, he will be ringmaster for a new project aimed at getting the big players of the world financial system to work together. Those players come from institutions ranging from the International Monetary Fund and the Bank of England to international trade unions.
The scheme to be headed by Borg was launched by the top-level summit World Economic Forum (WEF).
The head of the WEF, Klaus Schwab, welcomed Borg by saying: "Anders is one of the world's most respected financial leaders. We are honoured to have him join the Forum."
Borg will have to deal with institutions that are working to cope with the fallout from the financial crisis and the credit crunch. He said the response to the finacial crisis needs to be improved, and it is important that different areas like the USA and Europe do not set up rules that might clash.