The International Monetary Fund (IMF) decided to appoint Rania Al-Mashat, deputy governor of the Central Bank of Egypt (CBE) for Monetary Policy, as an advisor to the assistant director in August.
The CBE hired Al-Mashat from the IMF in 2005, where she used to work as a senior economist in different departments, including the Department of Economic Strategies and the Department of Asia and the Pacific.
Al-Mashat saw periods of economic and banking transformation in Egypt over the past 11 years. She joined the CBE at the beginning of banking reform, where she was responsible for the monetary policy in 2005. She also witnessed the global financial crisis and the resulting challenges as well as the revolution and the political changes that followed.
During her tenure, she developed the CBE’s monetary policy and participated in the country’s total economic policy management in cooperation with the relevant ministries and economic agencies. She also took over the relations between the CBE and the IMF, as well as credit rating international institutions, as the CBE mission head.
She was part of the negotiations of the financial and economic reform program team between 2011 and 2013. She represented the CBE in the parliament and helped prepare and discuss community dialogues on the financial and economic reform.