Egypt’s Mahmoud Mohieldin elected as executive director of IMF

The Egyptian business guru Mahmoud Mohieldin was elected unanimously as the executive director of the International Monetary Fund (IMF) and, accordingly, an IMF board representing the country and Arab states.

The Arab states represented are the United Arab Emirates, Kuwait, Bahrain, Oman, Qatar, Iraq, Lebanon, Jordan and Yemen.

Mohieldin said that his work will focus on supporting Arab countries to achieve their economic and developmental goals, through financial and monetary policies, especially amid current major challenges posed by the implications of the novel coronavirus and the pandemic’s effect on the economic situation.