A new government will now be formed in Iceland, roughly four weeks after the general elections took place. Katrín Jakobsdóttir, chairman of the Leftist-Green Movement will become Prime Minister.
This will be a coalition between the Independence Party, the Leftist-Green Movement and the Progressive Party. Together these parties hold 35 seats out of 63, although two members of the Leftist-Green Movement have voted against the coalition, technically giving the new government a single-seat majority.
Coalition talks began roughly three weeks ago, after the prior talks between the Leftist-Green Movement, the Progressive Party, the Social Democratic Alliance and the Pirate Party stopped due to the Progressive Party not believing in a single seat majority involving so many parties.
Bjarni Benediktsson, chairman of the Independence Party and retiring Prime Minister, will become Minister for Finance and Economic Affairs, a position he held between 2013-2016, before becoming Prime Minister.
The government treaty will be signed at 10 AM, local time. The government agreement, as well as the rest of the government ministers, will likely be announced at that time.