Alumna Dr. Rania Al-Mashat'95 has been appointed by the International Monetary Fund as advisor to the Chief Economist.
AUC School of Business Alumna Dr. Rania Al-Mashat '95 has been appointed by the International Monetary Fund as advisor to the Chief Economist. One of her duties is the investigation of multilateral surveillance issues for emerging countries.
In her 11 years as the deputy governor of the Central Bank of Egypt (CBE), Al-Mashat developed a monetary policy strategy and coordinated between CBE and the international credit rating agencies. During her tenure at the CBE the economist has observed numerous momentous events. Between 2004 and 2007 she contributed to CBE’s banking reform program which aimed to apply Inflation Targeting (IT) as the official framework for monetary policy. She also witnessed and supported the Central Bank of Egypt as it managed to withstand the effects of the global financial crisis of 2008 and the repercussions of the Egyptian revolutions in 2011 and 2013.
Al-Mashat is also known for her role in negotiations the financial and economic reform program, during which she represented the Central Bank in the parliament in 2011 and 2013.
In August 2016, Al-Mashat left Egypt to begin her three-year responsibility of assessing the fiscal and monetary policies for various emerging countries. This would not be the first time the leading economist has worked for the IMF. From 2001 to 2005 Al-Mashat worked as senior economist in the Asia and Pacific Department (APD) focusing mainly on India and Vietnam. Even during her time as sub-governor at the CBE she served as liaison between the Central Bank and IMF and leading the IMF-Egypt program negotiations.
Her first act as advisor to the IMF Chief Economist was leading a financial stability team to work with the Central Bank of the Republic of Georgia and she is scheduled to go on missions in Armenia and Morocco this month.
In light of her many remarkable achievements, Dr. Rania Al-Mashat was chosen as a Young Global Leader (YGL) by the World Economic Forum in 2014.