Since the IMF-Egyptian Program started November 11, 2016, almost six month ago now, it might be useful to provide an initial assessment of the Program in fulfilling its declared objectives of “restoring macroeconomic stability; promote inclusive growth; correcting external imbalances; restore competitiveness, placing the budget deficit and public debt on a declining path, boosting growth and creating jobs while protecting.”The panel will discuss the current economic conditions in Egypt, and the IMF-Egyptian program for restructuring the economy that has granted Egypt three-year extended loan arrangement (about US$12 billion, or 422 percent of quota) to support the Egypt’s economic reform program.
The panel will end by offering recommendations and suggestions that might help the current government in emphasizing the points of strength and avoiding or correcting the points of weakness in the implementation of the current program.
Register Now (Open Invitation, Attendance free of charge)
Dr. Ahmed Galal
Prof. Gouda Abdel-Khalek
Professor of Economics at the Faculty of Economics and Political Science, Cairo University; and Former Minister of Solidarity and Social Justice, as well as of Supply and Internal Trade, holding both portfolios during February 2011-August 2012. Previously, he served as an advisor to several national and international organizations including UNECA , ESCWA, UNDP, and the ILO; in addition to the Population Council, the International Development Research Centre (IDRC), the United Nations University, and the World Bank. Prof. Abdel-Khalek was a Fulbright visiting research scholar at SAIS/Johns Hopkins University and a visiting professor at UCLA, USC, Rutgers University, and the University of Illinois Urbana-Champaign. He was awarded the State Prize for Achievement in Social Sciences in 2005, and has published extensively on several economic issues including industrialization in Egypt, macro policies for poverty reduction, domestic debt sustainability, economic reform, the international economic order, financial crises, and food security. Dr. Abdel-Khalek holds a Ph.D. from McMaster University (Canada).
Professor Hassan Y. ALY
In July 2015, Professor Aly was granted Emeritus status at Ohio State University. He started their in 1989 as an assistant Professor and gone through the ranks to reach full Professor in 2008. Professor Aly served on the Marion Campus, and in a number of positions in Columbus including Faculty Associate at the Middle East Studies Center, and Faculty Associate at the John Glenn Institute for Public Service and Public Policy.
Professor Aly was a Co-editor of the African Development Review (2009-2012), and of the Middle East Business and Economic Review (2002-2010). Professor Aly is a member of the editorial boards of the Journal of Development and Economic Policies, and of the International Journal of Applied Business and Economics Research. In 2004 he was elected to the executive board of the Middle East Economics Association, where he served as Treasurer, an Executive Secretary, and is currently the Association’s President.
Professor Aly is a lifetime research fellow at the Economic Research Forum and he served on the board of trustees of this think tank of Middle East economics from 2012 to 2016. In addition to teaching at Ohio State, Professor Aly taught, conducted research, and acted as a consultant in several countries in the Middle East including Egypt, Kuwait, Jordan, UAE, and Tunisia.
Professor Aly served as the Chief Research Economist and Lead Economist of the African Development Bank (2009-2011), as Senior Advisor to the Minister of Planning in Egypt (Fall 2012), and as Director of Graduate Studies at Zayed University, UAE (2002-2005). He is also a technical advisor to the IMF. He is the author of over forty articles published in professional journals including the American Economic Review, Review of Economics and Statistics, Economic Development and Cultural Change, World Development, Economics Letters, Applied Economics, and Journal of Developing Areas among others and he has a life time citations number that exceeds 1600.