Rome: Former Chief of the European Central Bank, Mario Draghi has officially accepted the role of Italy’s next Prime Minister and will be sworn in on Saturday. Draghi has named his cabinet after meeting the Italian president.

On Friday evening, Draghi, met with Sergio Mattarella, Italy’s head of state, to formally accept his request to form a new government, having won the backing of almost every large political party. Draghi will be sworn in at midday on Saturday, the president’s office said.

Mario Draghi has secured the support of almost all the main political parties, following the collapse of the previous administration last month, the BBC reported.

Italy is still wrestling with the covid pandemic and is also facing its worst economic crisis in decades. The country has recorded more than 93,000 deaths, the sixth-highest death toll in the world.

After receiving the support of the largest group in parliament, the Five Star Movement, Draghi now has backing across the broad political spectrum. It means he will have a large enough majority to push through his agenda.

A senior figure in the Five Star Movement, Luigi Di Maio, will stay on as foreign minister in his cabinet. Meanwhile, Giancarlo Giorgetti, a senior figure in the populist far-right League party, will be the industry minister.

Andrea Orlando, from the centre-left Democratic Party, will be labour minister. The government faces a confidence vote next week - a formality given its cross-party backing

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