Egypt’s Mahmoud Mohieldine re-elected executive director for Arab States at IMF

Egypt’s Mahmoud Mohieldine re-elected executive director for Arab States at IMF

The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board.

Mohieldin represents a group of Arab states, namely Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, and Yemen, along with the Maldives.

Following his re-election Mohieldin stressed that his work will continue to support member states to achieve their economic and development goals through their financial and monetary policies in light of global economic and political developments that require coordination and push for reform efforts to control inflation and maintain financial and monetary stability, Ahram media reports.

The re-elected official noted that he will also support work to stimulate private investment to participate in growth, achieve sustainability goals and combat climate change, stressing the importance of balanced policies to achieve development goals, especially combating poverty, providing job opportunities and achieving justice in the distribution of income and wealth, the Egyptian media says.

The former Minister of Investment has held multiple international positions, the most recent of which was his previous work at the World Bank as Senior Vice President of the World Bank Group for Sustainable Development and Relations with the United Nations. He is currently the United Nations Secretary-General’s Envoy on Financing for Sustainable Development.

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