The Egyptian candidate Mahmoud Mohieldin was elected unanimously to serve as the International Monetary Fund’s (IMF) executive director, as well as serve on the fund’s board of directors.
He represents a host of Arab nations that include Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, Yemen, and the Maldives.
Under this position, Mohieldin will represent Egypt and Arab countries on the IMF’s board of directors.
Mohieldin said that his work with the IMF will be focused on supporting Arab countries in achieving their economic and development goals through financial and monetary policies.
He highlighted the importance of his role at this time, with Middle Eastern countries facing major challenges due to the coronavirus pandemic and its repercussions on economic condition.
Moheildin cited a regional decline in growth rates coupled with increased unemployment and debt as two major issues stemming from the global pandemic.
Additionally, stimulating the private investment sector to facilitate growth and promoting balanced policies appear on Moheildin’s agenda. He intends to tackle difficult issues such as poverty, unemployment, income inequality, and climate change.
Mohieldin will succeed in this position Egypt’s former Prime Minister, Hazem al-Beblawy, who will step down at the end of October.
Prior to this post, Mohieldin served as the World Bank’s Group Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships until January 2020.
Mohieldin held numerous senior positions in the Egyptian government, including serving as the Minister of Investment.
He received a Ph.D. in economics from the University of Warwick, an MS in economic and social policy analysis from the University of York in 1990, and a BS in economics from Cairo University in 1986.
Mohieldin has worked as a professor of economics and finance at Cairo University. He has held several leading positions in national and regional research centers and think tanks and is an op-ed contributor in Asharq Al-Awsat newspaper.