Maait, who was elected to this position for a period of four years, said in a statement on Saturday: “We will work to redouble efforts to support our Arab economies to support their growth by supporting consistent, integrated and balanced international financial and monetary policies.”
And it was Egypt Moait was nominated for this high position in International Monetary FundHe officially won after being recommended by the Arab group.
Maait, who served as Minister of Finance in Egypt for 6 years, said that he will work, through his new position, to redouble efforts to support Arab economies to support their growth by supporting consistent, integrated and balanced international financial and monetary policies that advance the path of financial stability, control public financial conditions, and form… Strong economic foundations that are more diversified, more flexible, and capable of growing at good and sustainable rates, to serve developing countries, especially low- and middle-income countries.
He added that he will also work to address the increasing debt problems and their burdens in order to access appropriate financing for development and create more job opportunities, noting the importance of working to give the private sector more space in economic activity, and motivating it to pump more investments in a favorable and encouraging business environment. It is transparent and competitively neutral.
Maait said: “We will also work to push forward a flexible response to the current state of uncertainty, the high indicators and burdens of debt, inflation, unemployment, the slowdown in economic growth, and the requirements for financing the burdens of climate change.”
