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 >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| 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 | |
