Back to the complete issue
Wednesday, 21 October 2020

Egypt’s talk shows: Mahmoud Mohieldin on the IMF board + expat vote in House elex

Aside from the rainfall we’re expecting over the next few days, veteran economist Mahmoud Mohieldin’s appointment to the IMF executive board was the most popular topic on the airwaves last night.

Mohieldin made the rounds on the airwaves to talk about his responsibilities as a board member, including representing the interests of Egypt and the Arab world in terms of monetary and fiscal policies. The pandemic is expected to have long-lasting effects on the global economy, particularly with a significant slowdown in growth, and an anticipated uptick in unemployment and debt levels, all of which will be priority areas for the IMF to address throughout this year and next, Mohieldin told Kelma Akhira’s Lamees El Hadidi (watch, runtime: 10:30). He also stressed the importance of Egypt’s continued support of the healthcare sector to be able to cope with a potential second wave of infections, as well as an extension of fiscal support measures to help keep the economy afloat and allow the private sector to lead the rebound in growth in separate phone-ins with Masaa DMC’s Ramy Radwan (watch, runtime: 18:49) and Al Hayah Al Youm’s Mohamed Sherdy (watch, runtime: 17:05).

Meanwhile, the beginning of the House of Representatives election for Egyptians abroad today was Emigration Minister Nabila Makram Ebeid’s key talking point as she explained the process to Sherdy (watch, runtime: 19:59) and Radwan (watch, runtime: 9:05)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt.