Draghi has spent the last nine days assembling a government of national unity to manage the deadly pandemic that hit Italy nearly exactly one year ago, triggering a deep recession.
The post of justice minister has been given to Marta Cartabia (independent), of defense minister to Lorenzo Guerini (Democratic Party), of economy and finance to Daniele Franco (Bank of Italy director general), of economic development to Giancarlo Giorgetti (Lega), of agriculture policies to Stefano Patuanelli (M5S, he was responsible for economic development in the previous government), of ecological transition to Roberto Cingolani (independent), of transport and infrastructure to Enrico Giovannini (independent), of labor and social policies to Andrea Orlando (PD), of education to Patrizio Bianchi (independent), of universities and research to Cristina Messa (independent).
Draghi arrived at the presidential palace promptly at 7 p.m., finishing his business within 40 minutes.
He also confirmed Luigi Di Maio as foreign minister, Roberto Speranza as health minister, Lucia Lamorgese as interior minister, Lorenzo Guerrini as defense minister and Dario Franceschini as culture minister - all keeping their roles in the previous government. Italy is at a critical juncture as it battles the health and economic consequences of the pandemic, which first struck the country hard nearly one year ago. The new government will be sworn in Saturday, followed by votes of confidence in both houses of Parliament, expected early next week.
It practically overnight transformed the euro-scepticism of Matteo Salvini, the right-wing League leader, into a fervent pro-Europe proponent.
Draghi, who received the mandate to lead a new cabinet after Prime Minister Giuseppe Conte resigned, has held two rounds of talks with parties to pull together an administration.
Draghi, 73, is widely credited with having saved the euro currency during his time in charge of the European Central Bank and he will no doubt be influential now in shaping EU debate on how the bloc should engineer its economic revival.
Draghi unveiled his cabinet line-up yesterday evening, comprising members of all but one of Italy's main parties and covering a wide political spectrum, from right to left. Such a post was sought by the 5-Star Movement, and also responds to the European Union requirement that at least 37% of the allocated recovery funds must include environmental goals.
Another priority is speeding up Italy's coronavirus vaccination programme, which made a promising start in December but has since slowed, against a backdrop of rising concern about the spread of new variants.
The EU is expecting Rome's plan on how to spend the recovery funds in April, while unemployment - at 426,000 higher than one year ago - risks rising further later this year, if an existing freeze on job dismissals is not extended.
There were only eight women named in the 23-strong cabinet.