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Magdalena Andersson chaired the International Monetary and Financial Committee (IMFC) from 2020 to 2022. The IMFC is a committee of the International Monetary Fund (IMF) that advises the IMF on the global economy and financial system. Andersson's chairmanship coincided with the COVID-19 pandemic, during which the IMFC played a key role in coordinating the global response to the economic crisis.