Rania A. Al-Mashat has been part of Egypt’s cabinet of ministers since 2018. She currently serves as the Minister of Planning, Economic Development & International Cooperation, and previously served as the Minister of International Cooperation and Minister of Tourism. She previously worked at the IMF in Washington DC as Advisor to the Chief Economist, and Senior Economist. She also served at the Central Bank of Egypt (CBE) where she contributed to modernizing the CBE’s monetary policy strategy underpinned by structural reforms to formally adopt an inflation-targeting regime, a key pillar of the banking sector reform program launched in 2004. Furthermore, she participated in the country’s macroeconomic management through the design and update of the macroeconomic framework in conjunction with other ministries and government entities and was the CBE’s liaison with the International Monetary Fund (IMF) and the Sovereign Rating Agencies.
Al-Mashat served on several boards, including the Egyptian Stock Exchange, the Egyptian General Authority for Free Zones and Investment, the Arab International Bank and the Arab Investment Bank. In her capacity as Minister of International Cooperation, she represents Egypt as Governor in several international financial institutions, including the World Bank Group, European Bank for Reconstruction and Development, Arab Fund for Economic and Social Development, and Arab Bank for Economic Development; and as Alternate Governor of Egypt at the African Development Bank, Asian Infrastructure Investment Bank, Islamic Development Bank and the New Development Bank as Egypt joined as a new member in 2023.
