Egypt Daily News – Dr. Mohamed Maait has recently been elected as the Executive Director at the International Monetary Fund (IMF), where he will represent the Arab Group and the Maldives.
In his new role, Maait is committed to enhancing support for Arab economies, aiming to foster growth through the implementation of coherent and balanced international financial and monetary policies.
He emphasized the importance of establishing robust economic foundations that are diverse, flexible, and poised for sustainable growth, particularly benefiting developing nations and those with low to medium incomes.
Maait highlighted the need to maximize the advantages of the IMF’s resources and expertise for the Arab group and the Maldives, as well as to strengthen coordination with regional Arab institutions to effectively address both internal and external economic challenges.
His agenda includes adopting a pragmatic and adaptive approach to the current economic climate, characterized by rising debt, inflation, and unemployment, as well as the financial challenges posed by climate change.
Dr. Maait expressed his gratitude to President Abdel Fattah El-Sisi for his support in the nomination process, along with appreciation for the Egyptian government’s backing.
He also acknowledged the contributions of Mahmoud Mohieldin, his predecessor, for his significant achievements and efforts toward the economic development of Arab nations during his tenure.
