Maait Elected Executive Director Representing Arab Countries, Maldives at IMFSource: www.export-egypt.com 10/27/2024, Location: Africa |
|
|
|
|
|
Egypt’s former minister of finance Mohamed Maait has been elected as the executive director and member of the Executive Board, representing Arab countries and the Maldives at the International Monetary Fund (IMF), the Egyptian cabinet announced.
Maait, 62, is succeeding Mahmoud Mohieldin, whose term concluded in October. He will serve in this new position for the next four years. Maait emphasized his commitment to fostering growth and intensifying support for Arab economies. He highlighted the need for coherent and balanced international monetary policies that promote financial stability. Addressing the debt's growing challenges, Maait expressed his intention to work on finding suitable financing for development and creating more job opportunities. Furthermore, he underscored the importance of increasing the private sector's involvement in economic activities, advocating for a business environment that encourages transparency and competitive neutrality to attract investments. Maait also stressed that international investments, particularly private investments, should be expanded to lead development efforts, achieve economic objectives, and meet the nations' basic needs. Before his appointment, Maait served as Egypt’s finance minister for six years, from 2018 to 2024. He also previously held the position of vice minister of finance for public treasury affairs and led the ministry's Economic Justice Unit. He serves as an assistant professor in the Department of Insurance and Actuarial Science at Cairo University. The fourth review of Egypt's Extended Fund Facility loan is anticipated to take place in November. After that, Egypt will receive the largest segment of the loan valued at $1.3 billion. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/9/2024 - South Korean Ambassador to Cairo Kim Yonghyon praised steps taken by the Egyptian government to attract foreign direct investment.
South Ko... |
Egypt >> 11/9/2024 - Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOS...
|
|
Egypt >> 11/9/2024 - Minister of Housing, Utilities and Urban Communities Sherif el Sherbini had a meeting with Cameroon's Minister of Housing and Urban Development Celest...
|
Egypt >> 11/9/2024 - The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship ec...
|
|
Egypt >> 11/9/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir had a meeting with Hayrettin Akgun Okay, CEO of...
|
Egypt >> 11/9/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that 42% of the public investments of the plan of the cu...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
