It was appointed by Hans-Adam II and was chaired by Otmar Hasler.

The 2001 Liechtenstein general election resulted in a majority for the Progressive Citizens' Party.

[2][3] The government oversaw the ending of the 1999–2001 Liechtenstein financial crisis, with Liechtenstein having its blacklist from the Financial Action Task Force removed on 23 June 2001.

[4][5] During the government's term, a referendum to adopt Hans-Adam's revision of the Constitution of Liechtenstein to expand his powers passed in 2003.

The prince had threatened to abdicate and leave the country if the referendum did not result in his favour.