Fredrik Reinfeldt has been active in Swedish and international politics for over 25 years. Reinfeldt reinvented the Moderate Party (centre-right) creating the New Moderates and entered into an alliance with three other centre and centre-right parties. The four-party alliance won two successive elections and Reinfeldt, as Prime Minister, presided over two coalition governments (2006-14) – the longest non-socialist government period in modern Sweden.
During his time as Prime Minister, Reinfeldt reformed the Swedish economy and labour market, making Sweden one of the most competitive countries in Europe. More than 300,000 new jobs were created despite the financial crisis. The Swedish economy had higher growth rates and sounder public finances than many other European countries during his time in office. Sweden was also the only country in the EU that lowered its national debt during the financial crisis.
Reinfeldt was elected as chair to the Extractive Industries Transparency Initiative (EITI) in 2016. The EITI is a coalition of stakeholders from government, civil society, oil, gas and mining companies and investors, working together to promote open and accountable management of natural resources. Over the past decade, they developed the EITI Standard, which is now implemented by 49 countries around the world.
In 2016 Reinfeldt was also appointed as a senior adviser at the Bank of America Merrill Lynch.